Jinyu Jidong: Holds an earnings presentation on April 7, investors participate

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

The specific content is as follows:

Q: During the “15th Five-Year Plan” period, what new layout directions will the company take, and what emerging businesses does it plan to develop?

A: During the “15th Five-Year Plan” period, the company will consolidate and enhance its core cement business, optimizing capacity through measures such as capacity replacement and technological upgrades; it will advance intelligent transformation and intensive operations, leveraging digital technologies to improve production efficiency, so that the cement main business becomes the company’s “ballast” for stable cash flow and profits; it will advance the development of an integrated industrial system of “cement + aggregates + concrete + mortar,” focusing on building a “super factory” with regional leading influence, resource synergy capability, and green competitiveness; and it will seek overseas investment opportunities along the “Belt and Road” and in countries where cooperation memoranda have already been signed.

Expand into specialty cement and high-end customized products, promote the industrialization of inorganic non-metallic new materials, and build a new growth engine. At the same time, centered on cement kiln co-processing, it will promote the resource utilization of hazardous and solid waste, deepen the control of atmospheric pollutants and the application of carbon capture technologies, actively participate in the carbon trading market, enhance the profitability of its environmental protection business, and become a provider of urban environmental solutions.

Q: The cement industry is currently facing downward demand pressure and fierce competition. In such a market environment, how will the company maintain and upgrade its market standing? How do you judge the industry trend for 2026?

A: As China’s largest cement producer in Northern China, the company’s market coverage includes “Jing-Jin-Ji,” the three northeastern provinces (Dong San Sheng), Shaanxi, Shanxi, Inner Mongolia, Chongqing, Henan, and more than 13 provinces (municipalities directly under the central government and autonomous regions), as well as South Africa’s northern region. In the “Jing-Jin-Ji” region, its market share exceeds 50%, showing clear competitive advantages. Since 2025, the state has introduced a series of policy measures to reduce capacity, control production volumes, curb “involution,” and stabilize growth, laying a solid foundation for improvement in industry supply-demand balance and optimization of the self-disciplinary environment.

2026 is the starting year of the “15th Five-Year Plan.” The issuance scale of special bonds and ultra-long-term special treasury bonds is expected to continue expanding. Infrastructure investment in urban renewal, water conservancy, energy, and pipeline networks is expected to provide strong support for cement demand. It is expected that overall cement demand will still be in a downward channel, but the rate of decline will be noticeably narrower. In terms of pricing, nationwide cement prices started the year at a low level in the first quarter of 2026, and the full-year trend is expected to be one of oscillation and adjustment; the degree of recovery will depend on the effectiveness of supply-side regulation and policy implementation. Given the industry situation, the company will fully leverage its integrated operating advantage of “cement + aggregates + concrete” to enhance market competitiveness and risk resilience, actively seize opportunities in key areas such as urban renewal, water conservancy, energy, pipeline networks, and mine backfilling, as well as overseas markets; it will deepen differentiated marketing strategies to solidify existing volume and grow incremental volume. The company has already promoted price recovery in regions including Northeast China, Shaanxi, Central and Southern Hebei (Ji Zhong Nan), and Inner Mongolia, and has achieved results. In 2026, the company will spare no effort to maintain the industry ecosystem, promote precise peak/off-peak scheduling during non-heating seasons, and continue to stabilize volume and implement price increases.

Q: How is your company doing in terms of digital and smart transformation and green factory construction? What will be the key areas of investment in the future?

A: In 2025, the company has already built 12 digital and intelligent systems. Tongchuan Company became the first “zero-employee” factory in the building materials industry, with a cumulative recognition of 3 national “excellence-level” smart factories and 4 5G factories; it successfully implemented the first artificial intelligence data-set trading, and was honored as a national “Digital Vanguard” enterprise. For green factories, the company has 38 national green factories and 25 national green mines. The coverage rate of green mines is 100%. The Tangshan branch became the first enterprise nationwide to pass the ultra-low emissions assessment for the cement industry. It added photovoltaic grid-connected capacity of 22.77MWp and energy storage of 42MWh. Fifty-seven subsidiaries have been included in the national carbon market. In the future, the company will strengthen the application of digital and intelligent systems, cultivate new business formats such as data annotation and remote diagnosis, while also improving the fuel substitution rate, refining its carbon management system, seizing the opportunity of the “Solid Waste Ten Opportunities,” and building a green logistics system.

Q: The state is promoting the implementation of 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 and low-carbon transformation and development, and builds a full-chain low-carbon system. It has issued a complete carbon management system, and has built a dual-carbon management information system. Through energy-saving technology retrofits, raw material and fuel substitution, and continuous optimization of energy structures and production processes, it achieves carbon emissions reductions. In 2025, its CO₂ emissions per ton of clinker were below 0.7812 tons. Relying on its existing technology level and emissions-reduction performance, the company overall is expected to achieve certain carbon-related gains. Next, the company will closely track the dynamics of carbon trading policies, continue to deepen low-carbon management, seize the development opportunities brought by dual-carbon policies, and further consolidate and strengthen its competitive advantages in the green and low-carbon fields.

Q: Does your overseas business make money? What plans are there next?

A: In South Africa’s northern region, the Mamba Company of the company has an annual clinker capacity of 870 thousand tons and a cement capacity of 1 million tons. Currently, it is operating at full production and full sales, with a total profit of over RMB 100 million, indicating good profitability. The company is proceeding prudently with the construction of the second line of the Mamba Company, and has achieved some progress. In addition, the company is accelerating the “product going overseas” strategy to support the “capacity going overseas” strategy, increasing the scale of product going overseas and expanding market coverage, thereby accumulating experience for going overseas with capacity. At the same time, the company will actively seek investment opportunities in countries along the “Belt and Road” and in countries with signed cooperation memoranda.

Q: Your company’s 2024 earnings presentation video playback is not available. As the capital market increasingly values information transparency and communication quality, earnings presentations not only relate to investors’ access to information, but also affect the company’s public image. Live video and replay help improve the intuitiveness and coverage of information dissemination. For your company’s 2025 earnings presentation, will you consider adopting live video streaming and providing playback after the meeting?

A: The company’s 2025 annual online earnings presentation will be conducted through online text interaction. Going forward, based on investors’ needs and the company’s actual situation, it will enrich communication formats. Under the premise of complying with regulatory rules, it will maintain effective communication with investors through multiple channels.

Jin Yu Jidong (000401) principal businesses: the production and sales of cement clinker, various silicate cements, and cement-related building materials products; at the same time, it also covers industrial segments including sand and gravel aggregates, environmental protection, mineral powder, admixtures, and new materials—(.

Jin Yu Jidong’s 2025 annual report shows that, for the year, the company’s main business revenue was 245.01 billion yuan, down 3.11% year over year; net profit attributable to the parent company was 2.19 billion yuan, up 122.07% year over year; net profit after deducting non-recurring gains and losses was -2.27 billion yuan, up 79.35% year over year. Of this, in the fourth quarter of 2025, the company’s single-quarter main business revenue was 59.26 billion yuan, down 11.94% year over year; single-quarter net profit attributable to the parent company was 1.78 billion yuan, up 125.69% year over year; single-quarter net profit after deducting non-recurring gains and losses was -1.27 billion yuan, up 79.21% year over year. The asset-liability ratio was 48.39%. Investment income was 156 million yuan, financial expenses were 458 million yuan, and gross profit margin was 22.14%.

In the most recent 90 days, there was 1 institution that issued a rating for this stock, including 1 buy rating. Over the past 90 days, the institutions’ average target price was 6.13.

The following are detailed earnings forecast information:

Financing and securities lending data show that in the past 3 months, the net cash outflow from margin financing was 25.131 million yuan, with the financing balance decreasing; the net cash outflow from securities lending was 615.2 thousand yuan, with the securities lending balance decreasing.

The above content has been compiled by Securities Star from publicly available information and generated by an AI algorithm (Wang Xin Suan Bei 310104345710301240019). It does not constitute investment advice.