Group 1 - China Tianrui Cement (01252) has seen its stock price increase by over 20%, currently trading at 0.455 HKD with a transaction volume of 24.79 million HKD [1] - The company has issued a profit warning, expecting a net profit of between RMB 55 million to RMB 75 million for the six months ending June 30, 2025, compared to a net profit of approximately RMB 28.29 million for the same period in 2024, primarily due to increased cement sales [1] - Tianfeng Securities believes that the governance against excessive competition will form a combination of "market + administration + law," and the cement industry has reached a consensus on the issue of overcapacity, providing strong support for profitability [1] Group 2 - Southwest Securities indicates that the continued demand for infrastructure and urban renewal, along with proactive supply-side adjustments, will support stable pricing in the industry [1] - The supply-side measures, including self-discipline in production, capacity replacement, tightening carbon emissions, and combating excessive competition, are expected to rebalance supply and demand, which will help stabilize cement prices [1] - The firm predicts that coal prices, which constitute the largest portion of cement clinker costs, will remain relatively low in 2025, leading to further reductions in cement clinker costs and a potential recovery in profitability for the cement and concrete industries [1]
港股异动 中国天瑞水泥(01252)再涨超20% 公司上半年水泥销量增加 机构看好行业盈利水平持续恢复