Conch Cement net profit up to 50% last year

The cement industry in recent years a mammoth merger and reorganization, is gradually becoming effective, and let some cement companies benefit. Conch Cement (600585) sh;00914.　　HK) released its performance forecast today that the company's net profit of 2010 was about 3.544 billion yuan, up more than 50% per cent year-on-year.　　To the performance of the large growth, conch cement, mainly in the last year to benefit from the state investment in fixed assets, cement demand to maintain a certain growth; at the same time, in the National Energy conservation policy, backward capacity elimination accelerated, cement market supply and demand improvement, product sales, prices are maintained growth trend. In fact, the cement pricing model has changed greatly behind the change of the supply and demand relationship. National Gold Securities analyst He Guowen that the cement industry profit model has been between the supply and demand both the amount of game, price matching mode, and gradually transition to the mode of winning the price. Over the years, the cement industry has become synonymous with excessive competition, but as the industry integration is deepening, some regions of the large cement enterprises gradually towards the united. Since last August, domestic cement prices have risen sharply, and some regions have even doubled cement prices.