In the first half of the year, Tianshan's revenue was 39.699 billion yuan, down 25.72%, with a net loss of 3.414 billion yuan. The main reason for the decline in performance was the sharp drop in cement demand and the decline in gross profit margin caused by the price drop exceeding the cost drop.

2024-08-27

According to the report, in the second half of 2024, the external environment is still complex and severe, and the operation and development still face many risks and challenges. From the perspective of the industry, in the second half of the year, the marginal demand for cement improved, the supply compression continued to increase, and the contradiction between supply and demand in the industry was prominent. From the company's point of view, strategic opportunities and risks coexist, uncertainties increase, the complexity and severity of the business situation, the heavy and arduous tasks continue to intensify.

2024-08-27

It is reported that the project demolishes a Ф4.2 × 60m 2500t/d new dry clinker production line of Ningxia Yinghai Building Materials Group Co., Ltd. and a Ф4.3 × 64m 2500t/d new dry clinker production line of Ningxia Yinghai Tianyan Building Materials Co., Ltd. A 5000 t/d second-generation new dry process cement clinker production line will be built locally with equivalent replacement, and a 9 MW pure low-temperature waste heat power generation system will be built.

2024-08-27

Tianshan shares in the evening of August 26th issued 2024 semi-annual report, the company achieved operating income of 39.699 billion yuan in the first half of the year, down 25.72%; net loss of 3.414 billion yuan, profit to loss; basic earnings per share -0.394 yuan.

2024-08-27

Tianshan shares in the evening of August 26th issued 2024 semi-annual report, the company achieved operating income of 39.699 billion yuan in the first half of the year, down 25.72%; net loss of 3.414 billion yuan, profit to loss; basic earnings per share -0.394 yuan. During the reporting period, due to the continuous decline in real estate investment and insufficient funds for infrastructure projects, the demand for cement declined significantly. Although the year-on-year decline in coal prices led to a significant reduction in costs, due to the continued low price, the year-on-year decline was greater than cost decline, the gross profit margin declined year-on-year, and the benefits declined significantly year-on-year.

2024-08-27

What is happening in the cement industry?

2024-08-27

According to the plan, the Ganfuwei Project will be completed by the end of 2026. The comprehensive navigation of the project will enhance the navigation capacity of the Ganjiang River tail, shorten the navigation time of ships, reduce the transportation cost, improve the navigation guarantee rate, and reduce the navigation delay and accident risk caused by poor channel conditions. At that time, the transportation of cement will be more convenient, and the competitiveness of cement transportation in northern Jiangxi will be further enhanced.

2024-08-26

By the end of 2028, cement clinker production enterprises (excluding mines, including cement enterprises producing special cement and co-disposing solid waste) and independent grinding stations in the whole province will complete the transformation of ultra-low emission and complete the monitoring, assessment and publicity of ultra-low emission in accordance with the relevant requirements of the state and the province. Cement enterprises or production facilities listed in the shutdown and withdrawal plan of our province are no longer required to implement ultra-low emission transformation, but they should meet the requirements of pollutant emission standards and complete the shutdown and withdrawal of production capacity on time.

2024-08-26

Hebei Jinyu Jidong Supply Chain Co., Ltd. was established on August 21, 2024. Its legal representative is Fan Liqun. Its registered capital is RMB 100 million. The company is located in Shijiazhuang City. Its business scope covers sales of building materials, sales of cement products, sales of special chemical products (excluding dangerous chemicals), wholesale of hardware products, sales of furniture, sales of mechanical and electrical equipment, sales of mechanical and electrical equipment, sales of electrical equipment, information consulting services (excluding licensed information consulting services), domestic freight forwarding, etc. General cargo warehousing services (excluding hazardous chemicals and other items requiring approval), supply chain management services.

2024-08-26

Since the 26th, enterprises in Northeast Jiangxi, Nanchang, Yichun, Ji'an and other places have again notified an increase in cement prices by 20 yuan/ton..

2024-08-26

During the reporting period, real estate investment continued to decline and infrastructure investment slowed down, which directly affected the demand for cement, and this trend became more obvious after the Spring Festival, resulting in a continuous decline in the demand for cement. During the reporting period, the company's cement sales decreased by 577900 tons, and the average price of cement decreased by 45.03 yuan, or 17.26%. During the reporting period, the company suspended the production of high-cost Strait Cement and reduced the marketing scale of Jinyinhu Cement, which had a positive impact on the year-on-year loss reduction.

2024-08-26

On 16 August, China Resources Building Material Technology Holdings Limited (stock code: 1313.HK) announced its interim results for 2024. In the first half of 2024, the consolidated turnover of the Company decreased by 13.9% year-on-year to RMB10.31 billion, the profit attributable to owners of the Company decreased by 70.2% year-on-year to RMB170 million, and the basic earnings per share was RMB0.024. As of June 30, 2024, the total assets of the company were 72.61 billion yuan, the net asset value per share was 6.33 yuan, and the interim dividend rate exceeded 70%.

2024-08-26

Domestic high temperature rain weather has not yet subsided, downstream construction activity is still low, the concrete market is relatively flat, and the market price is stable. From August 15 to August 21, the national concrete price index closed at 114.16 points, down 0.28% annually and 11.40% year-on-year.

2024-08-23

Since the 23rd, some major enterprises in Lanbai area have notified an increase in cement prices by 20 yuan/ton.

2024-08-23

Recently, major enterprises in Jiuquan and Jiayuguan have lowered the price of cement by about 20-30 yuan/ton.

2024-08-23

From August 12, 2024 to August 18, 2024, the highest opening rate of cement kilns in all provinces in China was 72.45% in Shandong Province. Kiln opening rates of 50% and above were 70.86% in Hubei, 65.97% in Anhui, 64.10% in Zhejiang, 63.14% in Shanxi, 61.47% in Jiangsu, 54.48% in Hebei and 50.00% in Tianjin.

2024-08-23

China Cement Net Market Data Center News: The Commercial Mixed Market in Northwest China Is Steady and Small

2024-08-23

Affected by the environment in East China, demand has not improved, and prices in some areas have fallen this week.

2024-08-23

Affected by rainfall in Northeast China, the demand for concrete market is low.

2024-08-23

A few days ago, the Ministry of Industry and Information Technology issued the Notice on the Suspension of Steel Capacity Replacement Work, requiring that from August 23, 2024, the whole country suspend the announcement and announcement of new steel capacity replacement schemes, and violators will be regarded as new illegal steel capacity and notified.

2024-08-23