我们认为华北是未来几年水泥发展前景最乐观的大区域市场,预计冀东水泥未来两年年均复合增长率为68%。虽然今年受煤价大幅上涨的影响,业绩可能低于此前预期,但成长性依然值得看好。 We think North China is the most optimistic market for cement in the coming years. It is estimated that CAGR will grow at a CAGR of 68% in the next two years. Although the performance of this year may be lower than previously expected due to the sharp increase of coal price, the growth is still worth the optimism.