The main revenue of Western Cement (2233) comes from southern Shaanxi Province and Guanzhong. In addition, the group also has operations in Xinjiang and Guizhou. According to the preliminary review of audited management accounts ending at the end of November 2019, compared to the same period in 2018, the group expects net profit in 2019 to increase significantly year over year, mainly because the average sales price of cement increased moderately in 2019 compared to 2018. The Group's revenue for the first 11 months of 2019 increased 22% over the same period in 2018.

The mainland is actively developing the “Belt and Road” to encourage mainland enterprises to “go global”; since most of the countries along the route are developing China, demand for infrastructure construction is growing. Following September last year, Western Cement set up a joint venture in Mozambique to expand its cement business. It also invested 104 million US dollars last month to acquire all of Schwenk Namibia (NA)'s shares and shareholder loans. SN mainly engages in the cement production business in Namibia through its subsidiary companies (including Ohorongo). Jiyuan said that there are currently only two cement production companies in Namibia. One of them is Schwenk Namibia Group; the cement factory that was purchased this time is about 540 kilometers from Walvis Bay, the largest port in Hope Namibia. In the future, cement can continue to be exported to neighboring countries such as Botswana, Zimbabwe, Zambia, etc.

In addition, Conch Cement (941) holds 21.11% of Western Cement's shares. The two parties can cooperate in cement fracturing and sales in Shaanxi Province, which will help promote sales coordination throughout the province, bring cooperative benefits, and enhance bargaining power in sales. In terms of trend, the favorable bear that showed “Morning Star” on February 3 saw support on the 250-day line. The STC%K line continued to rise above the %D line, the MACD bear gap narrowed, and short-term momentum is expected to improve. It is expected that the lower 1.3 yuan will be absorbed. The rebound resistance is 1.5 yuan, and the rebound resistance is 1.5 yuan without falling below 1.2 yuan.