Jidong Cement: The main reason for the loss increase in the first quarter was the sharp drop in the sales price of cement and clinker.

On April 26, an investor asked Jidong Cement on the interactive platform for investors: Can we predict that cement will be sluggish throughout the year with a substantial loss in the first quarter? Has cement been reduced to backward excess capacity?

Jidong Cement replied: Cement is an industry with excess capacity, and the main reason for the company's loss increase in the first quarter was the sharp drop in sales prices of cement and clinker .

It is understood that Jidong Cement announced the first quarter report of 2023 on April 25. During the reporting period, the operating income was 5.184 billion yuan, an increase of 4.35% over the same period last year. The net profit attributable to shareholders of listed companies was -792 million yuan, and the net loss in the same period last year was 233 million yuan; Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -829 million yuan, compared with a net loss of 250 million yuan in the same period last year; basic earnings per share was -0.298 yuan.