Core Viewpoint - Conch Cement is actively participating in the construction of the Yarlung Tsangpo River hydropower project and its supporting infrastructure, leveraging its product advantages and regional positioning in Tibet [1] Group 1 - The company emphasizes the importance of the Yarlung Tsangpo River hydropower project and is preparing relevant resources [1] - Conch Cement aims to contribute to significant national strategic projects through its involvement in this initiative [1]

Market Overview - The Shanghai Composite Index rose by 0.62% on July 22, with 22 industries experiencing gains, led by coal and building materials, which increased by 6.18% and 4.49% respectively [2] - The banking and computer industries saw the largest declines, with decreases of 0.98% and 0.73% [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 37.702 billion yuan, with 10 industries seeing net inflows [2] - The coal industry had the highest net inflow of capital, amounting to 2.704 billion yuan, while the food and beverage sector followed with a net inflow of 2.137 billion yuan and a daily increase of 1.73% [2] Building Materials Industry - The building materials sector increased by 4.49%, despite a net capital outflow of 1.612 billion yuan [3] - Out of 71 stocks in this sector, 52 stocks rose, with 12 hitting the daily limit, while 19 stocks declined [3] - Notable stocks with significant net inflows included Tianshan Shares (116 million yuan), Beixin Building Materials (78.9527 million yuan), and Puhua Shares (73.7603 million yuan) [3] - Major stocks with net outflows exceeding 100 million yuan included Conch Cement (564.0534 million yuan), Qingsong Construction (272.7623 million yuan), and Hainan Ruize (235.7191 million yuan) [3] Individual Stock Performance - The top performers in the building materials sector included: - Conch Cement: +10.00% with a turnover rate of 6.77% and a net outflow of 564.0534 million yuan [4] - Qingsong Construction: +8.43% with a turnover rate of 22.23% and a net outflow of 272.7623 million yuan [4] - Hainan Ruize: +5.12% with a turnover rate of 25.94% and a net outflow of 235.7191 million yuan [4] - Other notable stocks with significant capital flow included: - Tianshan Shares: +9.98% with a net inflow of 1159.093 million yuan [5] - Beixin Building Materials: +4.20% with a net inflow of 789.527 million yuan [5] - Puhua Shares: +7.95% with a net inflow of 737.603 million yuan [5]

海螺水泥（600585）尾盘触及涨停走出2连板，成交额超66亿元。港股目前涨超2.6%。 ...

| 排名 | 板块名称 | 主力资金净流出 (亿元) | 主力资金净流出率(%) | | --- | --- | --- | --- | | ح | 计算机 | -57.12 | -7.37 | | 2 | 机械设备 | -42.50 | -4.10 | | 3 | 非银金融 | -39.89 | -11.48 | | ব | 基础化工 | -27.56 | -4.90 | | 5 | 交运设备 | -24.82 | -5.72 | 主力资金监控：海螺水泥净卖出超8亿 智通财经7月22日电，智通财经星矿数据显示，今日早盘主力资金净流入贵金属、生物制品、半导体等板块，净流出计算机、机械设 备、非银金融等板块，其中计算机板块净流出超57亿元。个股方面，长城军工涨停，主力资金净买入7.71亿元位居首位，宁德时 代、寒武纪-U、华伍股份获主力资金净流入居前；海螺水泥遭净卖出超8亿元，卧龙电驱、中油资本、建设工业主力资金净流出额居 前。 | 排名 | 板块名称 | 主力资金净流入（亿元） | 主力资金净流入率(%) | | --- | --- | --- | --- | | | 贵金属 | 4.38 | 5.60 | ...

A股水泥概念股持续冲高，中国能建、四川金顶、三和管桩、南方路机、华新水泥等多股涨停，上峰水 泥涨超8%，海螺水泥涨超7%。 ...

海螺水泥（600585）涨幅扩大至9.11%，建材ETF(516750)持有该股票15.18%，当前涨幅为2.39%，最新 价创120日新高，溢价率为1.78%，成交额4.45亿元，较昨日此时放量884.90%，近1月份额增加 544.01%，增加4.47亿份。 ...

Core Viewpoint - The company, Conch Cement, faces significant challenges due to a combination of cyclical downturns in the industry and structural adjustments, leading to a substantial decline in revenue and profit in 2024 [1] Group 1: Financial Performance - In 2024, Conch Cement achieved operating revenue of 91.03 billion yuan, a significant decrease of 35.51% year-on-year; net profit attributable to shareholders was 7.70 billion yuan, down 26.19% year-on-year [1] - The main business revenue was 74.16 billion yuan, reflecting a year-on-year decline of 14.18%, primarily due to ongoing pressure from falling product prices [1] Group 2: Market Challenges - The core business of Conch Cement is under severe pressure from weak domestic real estate investment and slowing infrastructure growth, which directly undermines demand in the cement market [2] - Despite maintaining a relatively stable gross margin through cost control, the simultaneous decline in both volume and price has significantly impacted profitability [2] - The industry is plagued by overcapacity, leading to persistent low-price competition risks, forcing companies into a passive position of "letting profits go to maintain volume" [2] Group 3: New Business Developments - The aggregate and manufactured sand business showed strong performance, generating revenue of 4.69 billion yuan, a year-on-year increase of 21.40%, with a gross margin of 46.91%, surpassing the main cement business's 24.51% [3] - Conch Cement is actively expanding into aggregates, commercial concrete, and overseas markets, as well as green energy, but the aggregate business currently accounts for less than 10% of total revenue, making it a short-term performance pillar [3] - Overseas projects in Cambodia and Uzbekistan have been initiated, but challenges such as geopolitical risks, local operational pressures, and long return cycles limit their contribution to growth [3] Group 4: Strategic Imbalance - The company attempts to hedge risks in its main business through diversification, but resource allocation reveals contradictions, such as cutting capital expenditure in the cement sector while directing resources to non-core areas [4] - In 2024, the company significantly increased fixed deposits while issuing bonds, reflecting insufficient cash generation capability from new businesses and low capital utilization efficiency [4] - This "broad net" approach without "deep roots" in expansion makes the transformation appear more as a stopgap measure rather than a sustainable strategic overhaul [4]

海螺水泥A股触及涨停，成交额超41亿元。 ...

海螺水泥（600585）触及涨停，成交额41.06亿元。 ...

Group 1 - The Hong Kong construction materials and cement stocks experienced a volatile rise, with China National Building Material (03323.HK) increasing by over 8% [1] - Jinju Group (02009.HK) and Anhui Conch Cement (00914.HK) both rose by more than 3.5% [1] - China Resources Cement Technology (01313.HK) saw an increase of over 2.5% [1]