Mission Statement, Vision, & Core Values (2026) of Tangshan Jidong Cement Co.,Ltd.

Tangshan Jidong Cement Co., Ltd., founded in 1994, stands as a vertically integrated cement powerhouse from Tangshan, Hebei, with a market capitalization of about 13.58 billion RMB as of 2025 and 2024 revenues of 25.29 billion RMB (a 10.4% year-on-year decline) that have sharpened its focus on cost reduction, efficiency and profitability; the company's revamped identity as 'Jinyu Jidong Cement Group Co., Ltd.' in September 2025 (stock code 000401) accompanies a mission to deliver safe, durable and environmentally sustainable cement through sustained R&D investment and targets to lift net profit and EBITDA materially over the next three years, a vision that included aiming to cut carbon emissions per ton by 20% vs. 2020, deploy roughly 1 billion RMB in R&D and grow market share from 12% in 2023 toward 15% by 2024 while committing 200 million RMB to community projects - all guided by core values of integrity, innovation, sustainability and customer-centricity that shape technology adoption, product quality and social responsibility

Tangshan Jidong Cement Co.,Ltd. (000401.SZ) - Intro

Tangshan Jidong Cement Co.,Ltd., established in 1994 and headquartered in Tangshan, Hebei Province, is a leading vertically integrated Chinese cement manufacturer controlling the full cement production chain from raw-material procurement to distribution and final delivery. As of 2025 the company's market capitalization stands at approximately 13.58 billion RMB. In 2024 Tangshan Jidong Cement reported revenues of 25.29 billion RMB, a 10.4% decline versus 2023, prompting intensified focus on cost control, operational efficiency and strategic repositioning. In September 2025 the company formally changed its Chinese name to Jinyu Jidong Cement Group Co., Ltd., while retaining stock code 000401, signaling a refreshed strategic direction.

• Founded: 1994 (Tangshan, Hebei)
• Business model: Vertically integrated (quarrying → clinker → cement → distribution)
• Market cap (2025): ~13.58 billion RMB
• Revenue (2024): 25.29 billion RMB (-10.4% YoY)
• 2025 corporate name change: Chinese name to 'Jinyu Jidong Cement Group Co., Ltd.' (stock code 000401)

• Deliver high-quality, cost-competitive cement and building-material solutions that support infrastructure and urbanization across China.
• Operate a resource-efficient, safety-first production system that minimizes environmental footprint while ensuring supply reliability.
• Create sustainable shareholder value through disciplined capital allocation, vertical integration and continuous operational improvement.

• Become a regional leader in low-carbon, efficient cement production and distribution, leveraging integrated assets and scale.
• Transform into a resilient industrial group (reflected in the 2025 Chinese name change to Jinyu Jidong Cement Group Co., Ltd.) with diversified, value-accretive operations and sustainable growth.

• Safety and responsibility - prioritize worker safety and community stewardship in all operations.
• Efficiency and discipline - continuous cost control, process optimization and vertical-synergy realization.
• Quality and reliability - consistent product standards and dependable logistics for customers.
• Innovation and sustainability - adopt technologies and practices to reduce emissions, energy use and raw-material waste.
• Integrity and accountability - transparent governance and prudent financial management to protect stakeholders.

• Cost structure optimization: kiln and fuel efficiency, logistics consolidation, procurement scale.
• Margin recovery: focus on higher-value products, regional price mix improvements, and fixed-cost leverage.
• Environmental compliance and decarbonization: adopt alternative fuels, clinker substitution and emissions controls.
• Capital discipline: prioritize high-return maintenance and upgrade projects, control discretionary spend amid revenue pressure.

• Market demand volatility: residential and infrastructure investment cycles directly affect cement volumes and pricing.
• Input-cost pressure: energy and raw-material price swings impact margins despite vertical integration.
• Regulatory and environmental constraints: stricter emissions targets can require capital outlays and capacity shifts.
• Execution of efficiency measures: near-term benefits from cost reduction are crucial to offset 2024 revenue contraction.

Tangshan Jidong Cement Co.,Ltd. (000401.SZ) - Overview

• Tangshan Jidong Cement Co.,Ltd. (000401.SZ) exists to supply high-quality cement products that meet the diverse technical, safety and durability demands of modern construction while advancing environmental sustainability across the value chain.
• The company commits to continuous technological innovation - investing in R&D, process automation and material science to raise product performance and production efficiency.
• Sustainability sits at the core of the mission: Tangshan Jidong targets meaningful CO2 and energy-intensity reductions through fuel substitution, waste-heat recovery and alternative raw materials.
• Financially, the company is pursuing high-quality development with explicit near-term performance targets (see table below) focused on net profit and EBITDA growth while preserving cash flow and balance-sheet discipline.
• Through these goals Tangshan Jidong aims to support China's infrastructure development by supplying reliable, lower-carbon building materials that balance business growth with social responsibility.

• To be a leading sustainable cement producer in northern China recognized for technological leadership, product quality and measurable environmental performance.
• To expand value through premium cement grades, customized solutions for infrastructure projects and by integrating circular-economy inputs (industrial by-products, recycled materials).
• To benchmark against best-in-class peers on CO2 intensity, energy consumption per tonne and process emission reductions while delivering superior returns to shareholders.

• Quality First - rigorous process controls, product testing and customer-centric technical support.
• Innovation - sustained R&D investment in low-carbon cement technologies, admixtures and production automation.
• Environmental Stewardship - measurable targets for emissions, water use and waste minimization.
• Safety & Compliance - zero-tolerance safety culture and strict regulatory compliance across operations.
• Stakeholder Value - transparent governance, disciplined capital allocation and balanced returns for employees, communities and investors.

• Net profit: target increase ≈30% by end-2026 (from FY2023 base CNY 1.03bn to ~CNY 1.34bn), driven by premiumization, cost control and efficiency projects.
• EBITDA: target increase ≈25% by end-2026 (from FY2023 base CNY 2.10bn to ~CNY 2.62bn) via margin improvement and higher utilization.
• Capital expenditure: phased CNY 1.2-1.6bn over 2024-2026 focused on energy-efficiency retrofits, waste-heat recovery and targeted capacity optimization.
• Emissions: reduce CO2 intensity by ~20% vs 2023 through fuel mix shifts (biomass, alternative fuels), SCM substitution and operational upgrades.

• Annual R&D budget increased to ~CNY 60-80 million, prioritizing low-carbon clinker technologies, supplementary cementitious materials (SCMs) and admixture formulations.
• Deployment of digital process controls and predictive maintenance to reduce downtime and lower specific energy consumption (targeting a 5-10% reduction in thermal energy per tonne over three years).

• Market footprint concentrated in northern China with growing participation in infrastructure and pre-mixed concrete supply chains.
• Competitive edge built on product quality (higher early-strength cements), logistics efficiency in key corridors and a progressive environmental roadmap that addresses regulator and customer demands.

Tangshan Jidong Cement Co.,Ltd. (000401.SZ) - Mission Statement

• Deliver reliable, high-performance cement products for construction and infrastructure markets across the Asia‑Pacific.
• Drive decarbonization across production and supply chains, targeting measurable emissions reductions per ton of cement.
• Invest in R&D and digitalization to improve energy efficiency, product quality, and manufacturing productivity.
• Strengthen stakeholder value through transparent governance, safety, and community-focused CSR programs.

• Industry leadership: Become a leader in the Asia‑Pacific cement industry by 2024.
• Carbon intensity reduction: Reduce carbon emissions per ton of cement produced by 20% vs. 2020 baseline.
• R&D investment: Commit approximately 1,000,000,000 RMB toward R&D by 2024 to develop low‑carbon technologies and product innovations.
• Market share growth: Increase market share from 12% in 2023 to 15% by 2024.
• CSR commitment: Allocate 200,000,000 RMB to community development projects by 2024.

• Decarbonization & environmental stewardship: process electrification, alternative fuels, clinker factor reduction, and enhanced emissions monitoring.
• Innovation & R&D: focus on lower‑carbon cements, admixtures, manufacturing automation, and digital supply‑chain optimization.
• Market expansion & competitiveness: selective capacity deployment, logistics efficiency, and premium product development to reach 15% market share.
• Social value & governance: targeted CSR investments (200 million RMB), safety-first culture, and strengthened stakeholder engagement.

• Energy efficiency upgrades and waste‑heat recovery to cut fuel consumption and lower CO2 intensity toward the -20% goal.
• R&D programs (≈1 billion RMB) to commercialize blended cements and performance enhancers that reduce clinker demand per ton.
• Market initiatives to expand distribution and product portfolios to lift share from 12% to 15% by 2024.
• Community projects funded with 200 million RMB to improve local infrastructure and social license to operate.

Tangshan Jidong Cement Co.,Ltd. (000401.SZ) - Vision Statement

• Integrity: Upholding transparent corporate governance, regulatory compliance and ethical conduct across procurement, production and sales.
• Innovation: Continuous adoption of advanced kiln technology, digital production management and R&D into low-carbon binders and admixtures.
• Sustainability: Reducing environmental footprint through energy efficiency, alternative fuels, raw material optimization and emissions control.
• Customer-centricity: Delivering tailored cement and concrete solutions, rapid logistics and after-sales technical support to construction and infrastructure clients.

• Integrity - Disclosure & compliance: Regularly published audited financials and strengthened internal controls to reduce operational and reputational risk.
• Innovation - CAPEX & R&D: Annual R&D and technology investments amounting to ~3-4% of net profit, focused on clinker substitution and digital kiln control systems.
• Sustainability - Emissions & energy: Deployment of alternative fuels (biomass, waste-derived fuels) to achieve single-digit increases in thermal substitution rate year-on-year; investment in desulfurization and dust collection to maintain SOx/PM well below regulatory thresholds.
• Customer-centricity - Quality & logistics: Investments in distribution hubs and mobile batching support to reduce delivery lead times and improve first-pass quality, yielding documented repeat-customer rates north of 70% in key regions.

• Capacity optimization: Rationalize older small kilns while expanding high-efficiency rotary kiln lines to improve average thermal efficiency by several percentage points.
• Green product portfolio: Launch of blended cements and low-carbon concrete mixes targeting municipal and high-rise construction segments.
• Digitalization: Rollout of plant-level MES/SCADA systems to improve kiln uptime, reduce clinker variability and cut energy intensity.
• Stakeholder engagement: Strengthened supplier ESG assessments and customer training programs on optimal material usage to lower lifecycle emissions from projects.