Investment in real estate and infrastructure continued to weaken, causing the cement industry to enter a period of deep adjustment. Currently, the industry's losses have reached 60%, and a large number of small and medium-sized cement companies have fallen into business difficulties with inverted prices, high inventories, and poor repayment. According to incomplete statistics, more than 20 cement and grinding companies have entered bankruptcy related procedures this year, and the debt risks of small and medium-sized enterprises have been centrally exposed and transmitted to the upstream industry chain. Industry insiders judge that it is difficult to fundamentally improve the short-term industry's repayment and bad debt environment; there is only a small amount of room for repair. Under the combination of multiple policies such as false peak production, ultra-low emission transformation, and carbon restrictions, the clearance of small and medium backward production capacity will accelerate. Industry integration will be dominated by mergers and acquisitions, and bankruptcy and liquidation, and market concentration will continue to gather at the top.

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