Bank of America Securities released a research report sayingrpggamescrypto, Conch Cement's (600585)(00914) net profit after tax in the first quarter fell 41% year-on-year to 1.5 billion yuan, with earnings per share of 0rpggamescrypto.28 yuan, considering that the first quarter is a typical off-season, is roughly in line with market expectations. The bank believes that despite weak demand, profit margins were slightly higher than expected, but sales fell significantly, posing a risk to the bank's 2% decline in the company's full-year sales forecast. Its target price is HK$20 and is rated "Buy".

The bank pointed out that cement demand and prices have traditionally recovered rapidly after the Lunar New Year, but since March, things have occurred.rpggamescryptoAfter major changes, cement producers 'shipments and responses have shown a slow recovery in demand, especially for infrastructure projects. As cement prices in most regions have touched or are close to production costs, further price reductions may be limited. Reduced demand support for infrastructure projects could significantly prolong the current period of low prices.