Low-end production capacity is accelerating its exit, and the cement industry's market concentration is further increasing.

Real estate and infrastructure investment have continued to weaken, pushing the cement industry into a period of deep adjustment. Currently, 60% of the industry is operating at a loss, and a large number of small and medium-sized cement enterprises are trapped in a business predicament of price inversion, high inventory, and poor payment collection. According to incomplete statistics, more than 20 cement and grinding enterprises have entered bankruptcy-related proceedings this year, and debt risks among small and medium-sized players have been concentratedly exposed and are transmitting upstream along the industrial chain.