Sou Hu Cai Jing·2025-08-27 12:49Group 1 - The core viewpoint of the report is that Dongwu Securities has given Conch Cement (600585.SH) an "overweight" rating based on several positive indicators [1] - The company plans to implement a mid-term dividend as disclosed in its 2025 interim report [1] - Cement prices are expected to rise while the company continues to expand its operations, solidifying its leading position in the industry [1] Group 2 - Overall expenses are stable, and the net profit per ton continues to show a recovery trend [1] - Operating cash flow has increased year-on-year, while capital expenditure is expected to continue to decrease [1] - Under the guiding policies against excessive competition, industry policies are likely to strengthen, leading to an improved outlook for the cement industry [1]