According to Zhitong Finance APP, cement stocks continue to decline. As of the time of publication, China National Building Material (03323) fell by 7.64%, trading at HKD 4.47; CR BLDG MAT TEC (01313) dropped by 4.96%, trading at HKD 1.15; Huaxin Cement (06655) decreased by 4.57%, trading at HKD 13.77; and Conch Cement (00914) fell by 1.09%, trading at HKD 18.13.

In terms of news, the cement industry is facing a dilemma of "declining volume and price, with profits under pressure" in the first quarter of 2026. The combined net profit attributable to shareholders of 18 major A-share and Hong Kong-listed cement companies in Q1 is estimated to be a loss of approximately RMB 1.452 billion, with 12 companies reporting losses and only 6 companies making profits. Conch Cement and Huaxin Cement together reported a net profit exceeding RMB 2.1 billion, while nearly all other companies are under pressure.

Galaxy Securities released a research report stating that high temperatures and rainfall appeared earlier in May, leading to insufficient demand in the cement market; the national clinker kiln shutdown rate was slightly lower than in April, releasing supply pressure on cement clinker, with inventory slightly rebounding; some regions attempted to raise prices, but the actual price increases fell short of expectations, and cement prices continued to weaken in May. Looking ahead, in June, supported by high coal costs, companies will still attempt to raise prices, but weakening terminal demand will restrict cement price increases, and it is expected that cement prices will continue to show a trend of weak fluctuations in the short term