Jidong Cement: Net loss of 369 million yuan in the first half of the year

Jidong Cement announced the semi-annual report of 2023. During the reporting period, the operating income was 14.486 billion yuan, down 14.01% year-on-year; the net profit attributable to shareholders of listed companies was -369 million yuan, turning from profit to loss year-on-year; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was -466 million yuan; Basic earnings per share was -0.1388 yuan.

The report shows that the main sources of the company's performance are the production and sale of cement and clinker , the disposal of hazardous waste and solid waste, and the production and sale of aggregates. During the reporting period, the Company strengthened marketing and actively sought to break the situation. The comprehensive sales volume of cement and clinker was 43.96 million tons, representing a year-on-year increase of 14.39%, and the sales revenue was 12.361 billion yuan, representing a year-on-year decrease of 11.87%; The sales volume of aggregates was 15.95 million tonnes, representing a year-on-year increase of 15.41%, and the sales revenue was RMB589 million, representing a year-on-year increase of 11.81%. Affected by the weak market demand, the production capacity in the northern region is insufficient, the cement price in the core regional market of the company continues to decline, the comprehensive gross profit rate of cement and clinker is 10.58%, down 12.40 percentage points from the same period last year, and the gross profit rate of aggregate is 47.91%. The operating income of the Company was RMB14.486 billion, representing a year-on-year decrease of 14% . The unit cost of products decreased but failed to compensate for the adverse impact of the price decline. The net profit attributable to the shareholders of the listed company was RMB-369 million. In the first half of

2023, in the face of the serious imbalance between supply and demand in the industry and other factors, the company maintained its strategic strength, strengthened industrial optimization, insisted on strengthening, optimizing and expanding its main business, actively extended the industrial chain to expand new development space, continuously promoted the "six fine management", and continuously enhanced its core competitiveness and sustainable development ability.