Tianrui Cement: Profit attributable to owners of the company in the first half of the year was 151 million yuan, a decrease of 67% over the same period last year.

China Tianrui Cement (01252) announced its interim results for 2023, with revenue of approximately RMB3,998.6 million (the same below), representing a year-on-year decrease of 24.9%, and gross profit of approximately RMB940 million, representing a year-on-year decrease of 35.1%; Profit attributable to owners of the Company was RMB151 million, representing a year-on-year decrease of 67%. Basic earnings per share was RMB0.05.

Among them, the revenue from sales of cement was about 3.0775 billion yuan, a decrease of 28.9% over the same period last year. The Group's cement sales volume decreased by 1.4 million tonnes, or 10.5%, from approximately 13.4 million tonnes in the first half of 2022 to approximately 12 million tonnes in the same period of 2023. The decrease in revenue was mainly due to the decrease in both sales volume and selling price of cement as a result of the sluggish market demand. Revenue

from sales of limestone aggregates was approximately RMB733 million, representing a year-on-year increase of 37.6%. Aggregate sales volume was about 21.5 million tons, up 55.4% year on year. The increase in revenue was mainly due to the increase in aggregate sales volume as a result of the commencement of operation of the new orthopedic line.