According to the WiseNews App, CR Building Material Technology (01313) rose more than 9% in the afternoon, up 8.87% to HKD 1.35 and a turnover of HKD 23.0737 million at the time of publication.

On June 18th, the MIIT publicly solicited opinions on the "Implementation Measures for Capacity Replacement in the Cement and Glass Industries (2024) (Draft for Soliciting Opinions)". Cement clinker and flat glass projects with registered or expanded capacity are strictly prohibited. If there is a necessary need for new construction or renovation, a capacity replacement plan must be formulated and carried out.

GF Sec pointed out that cement demand continues to be weak, and the supply-demand contradiction is intensifying. The cement industry's profits are expected to hit bottom in Q1 2024, and in Q2, under the condition of weaker demand, cement companies will reduce production and raise prices to improve profits. Currently, the industry's profits are still oscillating at the bottom, but the cement's off-season price increase shows the determination of enterprises to improve profits, and attention should be paid to the acceleration of the issuance of special bonds bringing back the growth of infrastructure demand. The profit of core companies is better than that of the previous cycle and also better than their counterparts. The current industry valuation is at its historical bottom.