智通财经APP获悉，据香港联交所最新数据显示，10月15日，FMR LLC增持海螺水泥(00914)244.6万 股，每股作价25.7036港元，总金额约为6287.1万港元。增持后最新持股数目约为6597.79万股，持股比 例为5.08%。 ...

智通财经APP获悉，据香港联交所最新数据显示，10月15日，小摩增持海螺水泥(00914)330.3721万股， 每股作价25.5317港元，总金额约为8434.96万港元。增持后最新持股数目约为1.33亿股，持股比例为 10.2%。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 聯席公司秘書 安徽海螺水泥股份有限公司 虞水 ANHUI CONCH CEMENT COMPANY LIMITED （在中華人民共和國註冊成立之股份有限公司） （股份代號：00914） 中華人民共和國安徽省蕪湖市 二零二五年十月十七日 董事會會議通告 截至此公告日，本公司董事會成員包括(i)執行董事楊軍先生、朱勝利先生、李群峰 先生、虞水先生及吳鐵軍先生；(ii)獨立非執行董事屈文洲先生、何淑懿女士及韓旭 女士；(iii)職工董事凡展先生。 安徽海螺水泥股份有限公司（「本公司」）之董事（「董事」）會（「董事會」） 謹此宣佈於二零二五年十月三十日（星期四）就以下目的舉行董事會會議： 承董事會命 安徽海螺水泥股份有限公司 1. 審議及批准截至二零二五年九月三十日止九個月本公司及其附屬公司（「本集 團」）未經審核之業績； 2. 審議及批准根據香港聯合交易所有限公司證券上市規則刊載截至二零二五年九月 三十日止九 ...

Core Viewpoint - Conch Cement (00914.HK) will hold a board meeting on October 30, 2025, to review and approve its unaudited performance for the nine months ending September 30, 2025 [1] Group 1 - The board meeting will focus on the approval of the unaudited financial results for the nine months ending September 30, 2025 [1] - The meeting will also address the publication of the unaudited performance announcement in accordance with the Hong Kong Stock Exchange listing rules [1] - Additional matters will be discussed as necessary during the meeting [1]

格隆汇10月17日丨海螺水泥(00914.HK)宣布于2025年10月30日(星期四)就以下目的举行董事会会议：1. 审议及批准截至2025年9月30日止九个月集团未经审核之业绩；2.审议及批准根据香港联合交易所有限 公司证券上市规则刊载截至2025年9月30日止九个月集团未经审核之业绩公告；及3.处理其他事宜(如 有)。 ...

承董事會命 安徽海螺水泥股份有限公司 聯席公司秘書 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 安徽海螺水泥股份有限公司 ANHUI CONCH CEMENT COMPANY LIMITED （在中華人民共和國註冊成立之股份有限公司） （股份代號：00914） 董事會會議通告 安徽海螺水泥股份有限公司（「本公司」）之董事（「董事」）會（「董事會」） 謹此宣佈於二零二五年十月三十日（星期四）就以下目的舉行董事會會議： 虞水 中華人民共和國安徽省蕪湖市 二零二五年十月十七日 截至此公告日，本公司董事會成員包括(i)執行董事楊軍先生、朱勝利先生、李群峰 先生、虞水先生及吳鐵軍先生；(ii)獨立非執行董事屈文洲先生、何淑懿女士及韓旭 女士；(iii)職工董事凡展先生。 1. 審議及批准截至二零二五年九月三十日止九個月本公司及其附屬公司（「本集 團」）未經審核之業績； 2. 審議及批准根據香港聯合交易所有限公司證券上市規則刊載截至二零二五年九月 三十日止九 ...

Group 1 - The core viewpoint is that the cement industry is facing significant operational pressure due to low prices, despite a mild recovery in market demand and ongoing production adjustments by companies [1][2] - To improve profitability, cement companies are actively raising prices, with some leading firms in Zhejiang planning to increase prices by 30 yuan/ton starting October 15 [2] - The national average cement price in September was 338 yuan/ton, showing a slight month-on-month increase, while the gross profit per ton for cement companies was 58 yuan, indicating a positive trend in the industry [2][3] Group 2 - In the first half of 2025, the cement sector achieved revenues of 118.1 billion yuan, a year-on-year decrease of 7.7%, but net profit increased significantly by 1487% to 5.2 billion yuan [3] - The cement industry's fundamentals may have reached a turning point, with supply-side production restrictions and demand-side infrastructure support expected to lead to gradual improvements in the second half of the year [3] - Related Hong Kong-listed companies in the cement and building materials sector include China National Building Material, Conch Cement, Huaxin Cement, China Resources Cement Technology, and Western Cement [4]

Group 1 - The core viewpoint is that the cement industry is facing significant operational pressure due to low prices and fluctuating demand, prompting companies to raise prices to improve profitability [1][2]. - The Ministry of Industry and Information Technology, along with other departments, has issued a plan to stabilize growth in the building materials industry, which includes strict control over cement and glass production capacity [1]. - In Zhejiang, there has been a slight recovery in market demand, but prices remain low, leading to increased operational pressure for companies [1]. Group 2 - In September, the national average cement price was 338 yuan/ton, with a month-on-month increase of 2 yuan/ton, and the gross profit per ton for cement companies was 58 yuan, up by 3 yuan [2]. - The cement sector reported revenues of 118.1 billion yuan in the first half of 2025, a year-on-year decrease of 7.7%, but net profit increased significantly by 1487% to 5.2 billion yuan [2]. - Analysts believe that the cement industry's fundamentals may have reached a turning point, with expectations of gradual improvement in the second half of the year due to supply-side restrictions and demand support from infrastructure projects [2]. Group 3 - Related Hong Kong-listed companies in the cement and building materials sector include China National Building Material, Conch Cement, Huaxin Cement, China Resources Cement Technology, and Western Cement [3].

Investment Rating - The report maintains a positive investment outlook on the construction materials industry, highlighting specific companies as key recommendations for investment opportunities [2][6][19]. Core Insights - The report emphasizes that both domestic demand hedging and TACO trading are merely processes of value discovery, suggesting that companies with high economic prospects and room for valuation growth will accelerate price discovery [2][3]. - It identifies a shift in focus towards companies that are expected to show resilience and growth potential, particularly in the context of domestic demand recovery and global demand expectations [4][12]. Summary by Sections Domestic Demand Hedging - Companies recommended under domestic demand hedging include Oriental Yuhong, Hanhigh Group, and Huaxin Cement, which are expected to show positive revenue trends in Q3 [2][4]. - The report highlights the importance of infrastructure projects in regions like Xinjiang, predicting a significant increase in cement demand due to major construction initiatives [7][9]. TACO Trading - The report suggests that the glass fiber and CCL industry chain will benefit from global demand expectations, with price increases observed in electronic fabrics and copper-clad laminates [3][5]. - Key companies in this segment include China Jushi and Zhongcai Technology, which are positioned to capitalize on the ongoing price increase cycle [6][15]. Cement Industry - The cement sector is noted for its potential growth driven by policy execution and governance improvements, with overseas expansion opportunities highlighted for companies like Huaxin Cement [34][38]. - The report indicates that the cement market is entering a phase of price stabilization, with a focus on limiting overproduction and enhancing governance [35][41]. Glass and Fiberglass - The glass sector is experiencing a recovery, particularly in photovoltaic glass, with companies like Fuyao Glass and Xinyi Glass expected to see improved profitability [10][12]. - The report notes that the fiberglass sector is witnessing a strong performance, with significant contributions from price increases in electronic fabrics [10][14]. Consumer Building Materials - The consumer building materials segment is showing signs of recovery, with companies like Sanke Tree and Beixin Building Materials expected to benefit from improved revenue performance in Q3 [19][25]. - The report emphasizes the importance of cost reduction and price stabilization in enhancing profitability for companies in this sector [26][27]. Key Recommendations - The report recommends focusing on companies with strong fundamentals and growth potential, such as China Jushi, Huaxin Cement, and Oriental Yuhong, as they are expected to outperform in the current market environment [6][17][19].

安徽海螺水泥股份有限公司 ANHUI CONCH CEMENT COMPANY LIMITED （在中華人民共和國註冊成立之股份有限公司） （股份代號：00914） 持續關連交易：修訂採購熔解促進劑年度上限之補充合同 修訂《熔解促進劑買賣合同》年度上限 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 茲提述二零二四年十二月公告，本公司（為其自身及代表本集團相關成員）與海螺製 劑高新技術公司於二零二四年十二月三十一日訂立了《燃燒促進劑買賣合同》、《熔 解促進劑買賣合同》及《脫硫劑採購框架協議》，其中根據《熔解促進劑買賣合同》， 本集團擬在二零二五年一月一日至二零二五年十二月三十一日期間，向海螺製劑高新 技術公司採購熔解促進劑。 於二零二五年十月十五日，本公司（為其自身及代表本集團相關成員）與海螺製劑高 新技術公司訂立《補充合同》，將《熔解促進劑買賣合同》現有年度上限修訂為經修 訂年度上限，除此之外，《熔解促進劑買賣合同》的所有其他條款和條件保持不變並 ...