BBMG JIDONG(SZ:000401)2022-12-06 05:28Group 1: Company Overview - Tangshan Jidong Cement Co., Ltd. has established cement plants in Beijing and Tianjin, with only Jinyu Co. having three clinker production lines in these cities [2] - The company owns a grinding station in Tianjin, sourcing clinker from its Tangshan facility [2] Group 2: Production Capacity and Profitability - The company has two cement enterprises in Baoding, with a clinker production capacity of 3.1 million tons; the Tangxian and Laishui companies achieved a combined net profit of approximately 80 million yuan in 2016 [3] - As of the end of 2016, the company's clinker production capacity in the Beijing-Tianjin-Hebei region was about 29.65 million tons, accounting for 30% of the region's total capacity and 40% of the company's total capacity [3] Group 3: Sales and Pricing - The average selling price of cement in 2016 slightly decreased compared to 2015, while the average selling price in early 2017 was around 280 yuan (including tax), significantly higher than the average price in 2016 [3] Group 4: Market Impact and Future Outlook - The establishment of the Xiong'an New Area is expected to drive demand for cement and related materials, but currently, there is no significant impact on the company's performance due to the lack of specific policies from the government [3][4] - Preliminary assessments suggest that the demand for cement in the Beijing-Tianjin-Hebei market in 2017 will not be lower than in 2016, excluding the impact of the Xiong'an New Area [4] Group 5: Financial Adjustments - The company adjusted the depreciation period for fixed assets, which was approved by the shareholders' meeting; this change is expected to increase the net profit attributable to shareholders by 204.25 million yuan for the year 2016 [4]