TSC(SZ:000877) Chan Ye Xin Xi Wang·2026-02-22 03:15Core Insights - The demand for ready-mixed concrete in China is transitioning from a reliance on the real estate sector to a more diversified structure, with 2024 projections indicating a production of 2.22 billion cubic meters and sales of 2.21 billion cubic meters, where real estate accounts for 53.7% and other sectors for 46.3% of demand [1][9][10]. Group 1: Industry Overview - Ready-mixed concrete is defined as a mixture of cement, aggregates, water, and additives, produced in a controlled environment and delivered to construction sites [1][4]. - The industry is gaining attention from authorities due to its benefits in quality assurance, energy efficiency, space savings, improved labor conditions, and reduced environmental pollution [1][4]. Group 2: Production Process - The production process involves selecting quality raw materials, designing mix ratios based on engineering requirements, adding suitable additives, and using specialized equipment for mixing and transportation to ensure stable material performance [4][5]. Group 3: Policy Background - Policies surrounding the ready-mixed concrete industry focus on green low-carbon transitions, quality improvement, and stable development, with multiple departments collaborating on initiatives [6][7]. - Key policies include the "Building Materials Industry Stabilization Growth Work Plan (2025-2026)" and the "2024-2025 Energy Saving and Carbon Reduction Action Plan," which support the application of low-carbon materials [6][7]. Group 4: Industry Chain - The upstream of the ready-mixed concrete industry includes cement, aggregates, and additives, with major companies like Tianshan Materials and Wan Nianqing Cement extending their operations from cement production [8]. - The downstream primarily serves the real estate and infrastructure sectors, with clients including major construction firms [8]. Group 5: Current Industry Status - The supply and demand dynamics of the ready-mixed concrete industry are closely tied to macroeconomic cycles and the performance of downstream industries, with a shift from real estate dependency to a more diversified demand structure [9][10]. - The market size for ready-mixed concrete in 2024 is projected to be 754.99 billion yuan, reflecting fluctuations linked to economic conditions and industry transitions [11][12]. Group 6: Competitive Landscape - The market participants include state-owned enterprises, private companies, and foreign firms, with state-owned enterprises dominating large infrastructure projects due to their financial strength [13]. - The competition is intense, with product quality, pricing, technological innovation, and service capabilities being critical factors for success [13]. Group 7: Future Trends - The integration of waste resource utilization and low-carbon solutions is becoming a core path for the industry's green transition, utilizing various waste materials in concrete production [17]. - Digitalization and smart process management are being adopted to enhance efficiency and reduce waste, aligning with high-end infrastructure and green building certification requirements [17].