The cement industry is active in mergers and acquisitions, and it is expected that the business climate will stabilize in the second half of the year.

In the cement industry, mid-term performance is stabilizing against the trend, and leading companies are accelerating strategic acquisitions. Insiders believe that the acceleration of mergers and acquisitions by leading companies aims to enhance the concentration of the cement industry through capacity integration and market restructuring, in response to the challenges of weakening demand and intensified competition. Overseas acquisitions help companies to explore incremental markets, while asset integration helps optimize regional competitive landscape, reduce costs, and increase efficiency, providing support for stable prices and increased profits. Overall, in the first half of 2025, the performance of the cement industry was impressive. Thanks to the rebound in cement prices and the decline in coal costs, many companies saw a year-on-year increase in net profits against the trend, and industry profits were somewhat restored. As for whether the cement industry can stabilize in the second half of the year, many cement companies have responded in their semi-annual reports or institutional research. "We are generally optimistic about the market trends in the later period," said Shangfeng Cement, noting that as capacity replacement and the implementation of the "dual carbon" policy gradually take place, the industry's concentration is steadily increasing, and the construction of mega projects in the western region is driving the recovery of the cement industry. Conch Cement also pointed out that it expects infrastructure construction to continue to support cement demand in the second half of the year.