Group 1 - Cement stocks have experienced a significant decline, with major companies like Jinyu Group down 5.49%, Western Cement down 4.12%, and Conch Cement down 3.92% as of the report [1] - The third quarter is traditionally a slow season for the cement industry, with expectations of fluctuating prices in 2025, where the average cement price in Q3 2025 is projected to be 353.1 yuan/ton, a decrease of 27.6 yuan/ton quarter-on-quarter and 33.5% year-on-year [1] - Cement production in July and August saw year-on-year declines of 5.5% and 7.0%, respectively, indicating pressure on overall profitability for the cement industry in Q3 [1] Group 2 - Demand is expected to continue growing during the "Golden September and Silver October" period, but the increase is anticipated to be limited due to weak terminal market conditions [2] - The upcoming winter is expected to bring extended periods of staggered kiln shutdowns, which, combined with marginal improvements in demand, may lead cement companies to actively raise prices [2] - Rising coal prices are expected to further support cement prices, and the acceleration of "anti-involution" measures is likely to optimize industry supply, easing supply-demand conflicts and potentially restoring profitability for regional leading enterprises [2]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國西部水泥有限公司 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02233 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | GBP | | 0.002 | GBP | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | GBP | | | | 本月底結存 | | | 10,000,000,000 | GBP | | 0.002 | GBP | | 20,000,000 | 本月底法定 ...

每经AI快讯，9月29日，港股水泥股集体拉升，截至发稿，华新水泥(06655.HK)涨5.1%，报15.26港元； 西部水泥(02233.HK)涨5.1%，报3.3港元；中国建材(03323.HK)涨3.23%，报5.44港元；海螺水泥 (00914.HK)涨1.56%，报23.48港元。 ...

消息面上，9月24日工信部等六部门发布《建材行业稳增长工作方案（2025—2026年）》。据智通财经 报道称，有上市公司人士对记者表示，已在落实布局产能置换事项。业内人士预计，上述方案中"2025 年底前对超出项目备案的产能制定产能置换方案"的要求，预计能减少10%的熟料产能，行业复价有望 加速到来；同时，大企业整合国内市场步伐也将加快，行业集中度将得到有效提升。 国盛证券发布研报称，水泥行业需求仍在寻底过程中，企业错峰停产力度加强，水泥价格围绕行业盈亏 平衡线附近波动，中国水泥协会发布《关于进一步推动水泥行业"反内卷""稳增长"高质量发展工作的意 见》，供给端有望积极改善，同时大型基建项目有望拉动西藏，新疆等区域性需求提升，关注成本优势 定价的龙头海螺水泥、出海标的华新水泥。 智通财经APP获悉，水泥股集体拉升，截至发稿，华新水泥(06655)涨5.1%，报15.26港元；西部水泥 (02233)涨5.1%，报3.3港元；中国建材(03323)涨3.23%，报5.44港元；海螺水泥(00914)涨1.56%，报23.48 港元。 ...

Group 1 - The core viewpoint of the news is that cement stocks in Hong Kong experienced a significant rise, led by a nearly 19% increase in Shanshui Cement, attributed to a slight increase in national cement prices due to the traditional peak season and improved market demand [1][2] - China Galaxy Securities noted that this week, national cement prices saw a slight increase, primarily due to the current entry into the traditional peak season, with cement companies actively pushing for price increases [1] - The market demand has shown some recovery, although it remains weaker compared to the same period last year, and some clinker production lines are still in a state of suspension, which has not yet put pressure on the companies' clinker inventories [1] Group 2 - Looking ahead, the demand during the "Golden September and Silver October" period is expected to continue to grow, but the increase is anticipated to be limited due to weak terminal market conditions [1] - There is an expectation of a longer period of staggered production suspensions during the winter, combined with the current marginal improvement in demand, which suggests that cement companies will continue to actively push for price increases [1] - Additionally, there is an expectation of rising coal prices, which will further support cement prices [1]

Core Viewpoint - The Hong Kong cement sector is experiencing a significant rise, led by a nearly 19% increase in shares of China Shanshui Cement, driven by a slight uptick in national cement prices due to seasonal demand recovery and proactive pricing strategies from cement companies [1]. Industry Summary - This week, national cement prices have slightly increased, attributed to the traditional peak season and higher pricing enthusiasm from cement companies [1]. - Market demand has shown some recovery, although it remains weaker compared to the same period last year [1]. - Some clinker production lines are still idled, which has not yet pressured the clinker inventory of companies [1]. - Looking ahead, demand is expected to continue growing during the "Golden September and Silver October" period, but the increase is anticipated to be limited due to a weak end-market [1]. - The upcoming winter is expected to bring extended periods of production halts, and with marginal improvements in current demand, cement companies are likely to continue pushing for price increases [1]. - There is an expectation of rising coal prices, which will further support cement prices [1]. Company Summary - China Shanshui Cement saw a significant price increase of 18.89%, reaching 1.070 [1]. - Other companies such as China Tianrui Cement, Anhui Conch Cement, and China National Building Material also experienced modest gains of 1.45%, 1.22%, and 1.10% respectively [1]. - The stock performance of various cement companies indicates a positive market sentiment, with several companies showing around 1% increase in their stock prices [1].

每经AI快讯，9月23日，港股西部水泥(02233.HK)午后涨超4%。截至发稿，涨4.04%，报3.09港元，成 交额1.6亿港元。 ...

Core Viewpoint - Western Cement (02233) has seen a significant increase in its stock price, reaching a historical high of 3.1 HKD, driven by substantial growth in its overseas business operations [1] Group 1: Company Performance - In the first half of the year, Western Cement's overseas business scale grew significantly, with a total cement production capacity of 13.6 million tons in countries such as Ethiopia, Uzbekistan, Mozambique, Congo, Rwanda, and Tanzania, representing an 86.3% year-on-year increase [1] - The cement production capacity utilization rate in overseas markets reached 61.3% in the first half of 2025, an increase of 20.2 percentage points compared to the same period last year [1] Group 2: Market Outlook - Changjiang Securities highlights that the African cement market has substantial space and high prosperity, with profitability significantly exceeding that of the domestic market, making it a new blue ocean for domestic companies [1] - Western Cement has multiple ongoing and planned projects in the African market, which are expected to contribute significantly to the company's performance once they are operational [1]

Group 1 - The core viewpoint of the article highlights the significant growth in Western Cement's overseas business, with a notable increase in cement production capacity in various African countries [1] - As of June 30, 2025, Western Cement has a total cement production capacity of 13.6 million tons in Ethiopia, Uzbekistan, Mozambique, Congo, Rwanda, and Tanzania, representing an 86.3% year-on-year increase [1] - The cement production capacity utilization rate in overseas markets reached 61.3% in the first half of 2025, an increase of 20.2 percentage points compared to the same period last year [1] Group 2 - Changjiang Securities points out that the African cement market has significant potential, high prosperity, and profitability that far exceeds that of the domestic market, making it a new blue ocean for domestic companies [1] - Western Cement has multiple ongoing and planned projects in the African market, which are expected to contribute significantly to the company's performance once they are completed and put into production [1]

Core Viewpoint - Western Cement (02233) shows significant growth in its mid-year performance, with a notable increase in revenue and net profit, driven by overseas market expansion [1] Financial Performance - The company achieved a revenue of 5.4 billion HKD in the first half of the year, representing a year-on-year increase of 46% [1] - Net profit reached 750 million HKD, marking a 93% year-on-year growth [1] - Sales volume for the period was 10.82 million tons, up 23.6% compared to the previous year [1] Market Expansion - The overseas market is identified as a core growth driver, with sales increasing by 178% to 4.17 million tons [1] - The company announced the acquisition of 1.2 million tons of cement capacity in the Congo and the sale of all its operations in Xinjiang to Conch Cement (600585), totaling 3.5 million tons of cement capacity [1] - The African cement market is highlighted as a new blue ocean for domestic companies, with high profitability and significant growth potential [1] - The company has multiple ongoing and planned projects in the African market, which are expected to contribute to future performance growth [1]