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      Economic performance of building materials industry in the first half of 2019

      release time:2019-03-20 14:00:00

      In the first half of the building materials industry according to the central economic work conference "to consolidate, enhance and improve, open" eight policy, firmly set up and practice of new development concept, hold fast to the supply side structural reforms to the main line, overall stable production, further growth industry benefit, marked achievements were scored in the transformation and upgrading, resolutely high quality development.


      1. Overall smooth production operation. From January to June, the added value of building materials industry increased by 10.0% year on year, and the production of major building materials products remained stable on the whole. Of this, China's cement output was 1.04 billion tons, up 6.8% year on year, and plate glass output was 460 million weight boxes, up 6.8% year on year. The output of commercial concrete, ceramic brick, porcelain brick, sanitary ceramics and insulating glass increased by 14.0%, 11.8%, 8.6%, 10.3% and 9.3% respectively.


      2.The price level has recovered somewhat. The ex-factory price of building materials and nonmetal mineral products dropped continuously in the first quarter and began to stabilize after the second quarter. The ex-factory price index of building materials and non-metallic minerals in May was 113.6, which was unchanged month-on-month with a year-on-year growth of 3.5%, while the average ex-factory price of building materials and non-metallic minerals increased by 4.0% year-on-year from January to may. Among them, the price of cement rebounded in the second quarter after a continuous decline in the first quarter. The price of cement products in June was 422 yuan/ton, up 0.6% year on year. The price of plate glass dropped continuously in the first half of the year, and recovered somewhat in June. The product price of that month was 77 yuan/weight box, down 4.2% year on year.


      3. Economic benefits increased significantly. From January to may, the main business revenue of the building materials industry reached 2.0 trillion yuan, up 13.4% year on year, and the growth rate was 8.3% higher than that of the whole industry. Realized profit of 166.9 billion yuan, up 13% year on year; The sales margin was 8.3%, 2.6 percentage points higher than the industry as a whole. Of this, cement operating revenue was 366.6 billion yuan, up 18.3% year on year, and profit was 65 billion yuan, up 32.7% year on year, with a sales margin of 17.7%. The operating revenue of plate glass was 32.9 billion yuan, up 6.4% year on year, and the profit was 4.5 billion yuan, down 23% year on year. The sales profit margin was 13.7%. The total profit of sand mining, refractory mining, cement products, building ceramics and sanitary ceramics increased by 20.5%, 39.6%, 35%, 26.3% and 34.5% respectively.


      4.Investment in fixed assets increased. From January to may, the fixed asset investment in the building materials industry above the quota increased by 11.7% year on year, the growth rate decreased slightly. From the perspective of investment structure, new production capacity of cement and plate glass has been significantly reduced. Investment in fixed assets in the building materials industry mainly focuses on the improvement of technological equipment, investment in environmental protection facilities and downstream deep processing.


      5.Imports and exports increased slightly. From January to may, exports of building materials and non-metallic minerals amounted to us $14.25 billion, up 0.6 percent year on year, and average fob prices rose 4.9 percent year on year. Among them, the quantity and price of sanitary ceramics rose, the export quantity of technical glass, fiberglass and products, waterproof building materials and other commodities increased, and the fob price decreased year on year. The export quantity of building stone, light building materials, building ceramics, cement products and other commodities decreased year on year, while the fob price increased year on year. From January to may, imports of building materials and non-metallic minerals amounted to us $9.4 billion, up 0.3 percent year on year.

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