On June 26, Anhui Conch Cement fell 3.06% in regular trading, trading at HK$16.78/share, with turnover of HK$58.49 million. The construction materials sector saw widespread selling, with CNBM down 9.56%, West China Cement down 4.23%, and Huaxin Building Materials down 4.12%.

On the industry front, the cement supply-demand imbalance continues to intensify. National cement output in May declined 8% year-over-year, while the Q2 cement price index fell approximately 15% year-over-year, placing significant pressure on enterprise profitability. The company reported Q1 revenue of RMB 17.066 billion, down 10.45% year-over-year, with net profit attributable to shareholders of RMB 1.468 billion, down 18.98%. Despite the company having launched a RMB 600 million to 1 billion A-share buyback program and raising its dividend payout ratio to 55.29%, the industry has yet to show signs of a recovery inflection point, with continued capital outflows from the sector weighing on share price performance.

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