Jinyu Jidong: Mengadakan konferensi penjelasan kinerja pada 7 April, partisipasi investor

Securities Star News, 7 April 2026, Jin Yu Jidong (000401) announced that the company held an earnings presentation on April 7, 2026.

The specific content is as follows:

Q: During the 14th Five-Year Plan period, what new strategic directions will the company pursue, and which emerging businesses are planned for development?

A: During the 14th Five-Year Plan period, the company will consolidate and enhance its cement core business, optimizing capacity through capacity replacement, technological upgrades, and other measures; promote intelligent transformation and intensive operation, relying on digital technology to improve production efficiency, making cement the company’s stable cash flow and profit “ballast”; advance the construction of an integrated industry system of “cement + aggregate + concrete + mortar,” aiming to create a “super factory” with regional leadership, resource synergy, and green competitiveness; seek overseas investment opportunities along the “Belt and Road” and in countries with signed cooperation memoranda.

Expand into specialized cement and high-end customized products, promote industrialization of inorganic non-metallic new materials, creating new growth poles. Meanwhile, centered on cement kiln co-processing, promote the resource utilization of hazardous waste, deepen air pollutant control and carbon capture technology applications, actively participate in the carbon trading market, and improve environmental protection business profitability, becoming a provider of urban environmental solutions.

Q: The cement industry currently faces downward demand pressure and fierce competition. How does the company plan to maintain and upgrade its market position in such a market environment? What is the outlook for the industry in 2026?

A: As China’s largest cement producer in the north, the company covers over 13 provinces (municipalities directly under the central government, autonomous regions) and northern South Africa, including Beijing-Tianjin-Hebei, the three eastern provinces, Shaanxi, Shanxi, Inner Mongolia, Chongqing, Henan, etc. Its market share in Beijing-Tianjin-Hebei exceeds 50%, with clear competitive advantages. Since 2025, the government has introduced a series of policies to reduce excess capacity, control production, counteract internal competition, and stabilize growth, laying a solid foundation for supply-demand improvement and self-regulation.

2026 marks the start of the “14th Five-Year Plan,” with continued expansion of special bonds and ultra-long-term special national bonds. Infrastructure investments in urban renewal, water conservancy, energy, and pipeline networks are expected to support cement demand. Although demand will still decline in 2026, the decline rate is expected to narrow significantly. Regarding prices, the nationwide cement price at the beginning of Q1 2026 was low, with an expected oscillating adjustment throughout the year, depending on supply-side regulation and policy implementation effectiveness. Facing industry conditions, the company will leverage its integrated “cement + aggregate + concrete” operation advantages to enhance market competitiveness and risk resistance, actively seize opportunities in urban renewal, water conservancy, energy, pipeline networks, mining, and overseas markets, deepen differentiated marketing strategies, and stabilize existing volume while increasing new volume. The company has promoted price recovery in Northeast China, Shaanxi, Central and Southern Hebei, Inner Mongolia, and achieved results. In 2026, the company will fully maintain the industry ecosystem, promote precise scheduling during non-heating seasons, and continue to stabilize volume and raise prices.

Q: How is your company doing in digital intelligence transformation and green factory construction? What are the key investment directions for the future?

A: By 2025, the company has built 12 digital intelligence systems. Tongchuan Company became the first “zero-employee” factory in the building materials industry, awarded 3 national excellence-level smart factories and 4 5G factories, successfully completed the first AI data set transaction, and was honored as a national “Digital Pioneer” enterprise. In terms of green factories, the company owns 38 national green factories and 25 national green mines, with a 100% coverage rate of green mines. Tangshan branch became the first enterprise in the cement industry to pass ultra-low emission assessment. The company added 22.77 MWp photovoltaic grid connection and 42 MWh energy storage, with 57 subsidiaries included in the national carbon market. In the future, the company will strengthen the application of digital systems, cultivate new formats such as data annotation and remote diagnosis, improve fuel substitution rates, perfect the carbon management system, seize the “solid waste ten rules” opportunities, and build a green logistics system.

Q: The country is promoting the dual-carbon strategy, and carbon trading is gradually tightening. How is your company’s carbon management doing? Can it cope with the current situation?

A: The company adheres to the concept of green low-carbon transformation, constructing a full-chain low-carbon system, and has established comprehensive carbon management systems. It has built a dual-carbon management information system, achieving carbon reduction through energy-saving technology upgrades, raw material and fuel substitution, and continuous optimization of energy structure and production processes. In 2025, the CO₂ emissions per ton of clinker were below 0.7812 tons. Relying on existing technology levels and emission reduction results, the company expects to realize certain carbon benefits overall. Next, the company will closely follow carbon trading policy developments, deepen low-carbon management, seize development opportunities brought by dual-carbon policies, and further consolidate and strengthen its competitive advantage in green and low-carbon fields.

Q: Is your overseas business profitable? What are the future plans?

A: The company’s Mamba plant in northern South Africa has an annual clinker capacity of 870,000 tons and cement capacity of 1 million tons, currently operating at full capacity with a total profit exceeding 100 million RMB, with good profitability. The company is steadily advancing the second phase of Mamba, with certain progress. Additionally, the company is accelerating the “product going overseas” strategy to drive “capacity going overseas,” increasing export scale and broadening markets to accumulate experience for capacity expansion. It is also actively seeking investment opportunities in countries along the “Belt and Road” and in countries with signed cooperation memoranda.

Q: Your company’s 2024 performance briefing video was not available. As capital markets increasingly value transparency and communication quality, earnings presentation sessions are not only about investor information but also impact the company’s public image. Live video and replay can enhance the immediacy and coverage of information dissemination. Will your company consider using live video broadcasting and providing post-event replays for the 2025 earnings presentation?

A: The 2025 online earnings presentation will adopt a text-based interactive format. In the future, based on investor demands and the company’s actual situation, we will enrich communication forms and, in compliance with regulatory rules, maintain effective communication with investors through multiple channels.

Jin Yu Jidong (000401) main business: production and sales of cement clinker, various silicate cements, and cement-related building materials products, also covering sand and gravel aggregates, environmental protection, mineral powder, admixtures, new materials, and other industries(business).

According to Jin Yu Jidong’s 2025 annual report, the company’s main revenue for the year was 24.501 billion yuan, down 3.11% year-on-year; net profit attributable to parent was 2.19 billion yuan, up 122.07%; net profit after deducting non-recurring gains and losses was -227 million yuan, up 79.35%; in Q4 2025, the company’s quarterly main business income was 5.926 billion yuan, down 11.94% year-on-year; quarterly net profit attributable to parent was 178 million yuan, up 125.69%; quarterly net profit after deducting non-recurring gains and losses was -127 million yuan, up 79.21%; debt ratio 48.39%, investment income 156 million yuan, financial expenses 458 million yuan, gross profit margin 22.14%.

In the past 90 days, one institution has issued a rating for this stock, with a buy rating; the target price from institutions over the past 90 days averaged 6.13.

Below is detailed profit forecast information:

Margin financing and securities lending data show that net financing outflows over the past 3 months totaled 25.131 million yuan, with a decrease in financing balance; net securities lending outflows were 615,200 yuan, with a decrease in securities lending balance.

The above content is compiled from public information by Securities Star, generated by AI algorithm (Network Credit Calculation Backup No. 310104345710301240019), and does not constitute investment advice.