Zhou Yuxian: It is expected that the overall profitability level of the cement industry in 2025 will significantly improve compared to the previous year.

On May 16, Zhou Yuxian, President of the China Cement Association and Chairman of China National Building Materials Group, answered questions from reporters at the 3rd Cement Green and Intelligent Development Conference of China National Building Materials International. He stated that in the first four months of this year, the cement industry showed a trend of "reducing quantity, increasing price, and improving profits." The improvement in profitability of the cement industry requires continuous promotion of policy implementation. At the same time, he hopes that the industry will self-regulate and avoid overcapacity and vicious competition. Zhou Yuxian stated that based on the analysis of data from January to April, the overall profitability of the industry has improved significantly compared to the same period last year. Looking at the listed cement companies that have already announced their quarterly reports, the cement business generally showed a decrease in production and an increase in profitability driven by prices. Specifically for China National Building Materials Group, the profit of its cement business in the first four months improved significantly compared to the same period last year. Looking ahead to the full year of 2025, the overall profitability of the cement industry is expected to improve significantly compared to 2024. Zhou Yuxian believes that the country has already introduced policies for normalized staggered cement production and new capacity replacement. If these policies can be effectively implemented, it will be very beneficial for improving the supply side and maintaining product prices at the level of the social average profit rate.