An investor asked Tianshan Shares on the investor interaction platform: Hello, the circulation link of the real estate end is expected to improve, and the decline in demand for new real estate construction and construction is expected to narrow; the infrastructure projects that failed to land due to the disturbance of the epidemic and insufficient project funds are expected to gradually form a physical workload in the future, which will support and drive the demand for cement. Through the issuance of convertible bonds, the company intends to enhance its capital strength, actively and steadily reduce leverage, improve its financial situation, further expand and strengthen its main business, increase investment in sand and gravel aggregates, promote the company's green and intelligent level, and accelerate the construction of a world-class cement company with Chinese characteristics. Will the cement demand cycle be strong in the future compared with 11 years ago? On February 2
, Tianshan Stock Company replied on the interactive platform for investors: Dear investors, China has maintained stable economic operation, urbanization development is still in the rising stage, industry demand is still in the plateau period, supply-side reform continues to deepen, and the policies and measures of double carbon and ecological environment protection and capacity replacement have been further strengthened. It is conducive to eliminating backward and inefficient production capacity, further improving supply, and promoting the healthy and sustainable development of the industry. During the "14th Five-Year Plan" period, opportunities and challenges coexist in the cement industry. Last year, the demand declined due to the epidemic, which brought challenges to the steady growth of the industry. However, the company will maintain its strategic strength, meet the world-class standards, and focus on the two key battles of improving quality and efficiency and optimizing and upgrading. Focus on industry ecological construction, three fine management, green low-carbon transformation, digital and intelligent transformation, market-oriented reform, talent team building and international layout, continuously improve the company's profitability, comprehensive competitiveness and sustainable development ability, and strive to build New Tianshan Cement into a world-class cement company. Thank you for your interest.
On the same day, Tianshan said when answering investors' questions on the interactive platform for investors: By the end of the third quarter of 2022, the company's asset-liability ratio was 67.13%, which was lower than that at the beginning of the year; the company will balance the relationship between asset-liability structure and business development, and strive to gradually reduce the asset-liability ratio.
According to China Cement Network, on the evening of January 20, Tianshan shares disclosed the 2022 annual performance forecast, predicting that the net profit attributable to the parent company in 2022 would be 4 billion to 5.2 billion yuan, down 58.5% to 68.08% year-on-year; the net profit deducted from non-profits would be 2.2 billion to 3.3 billion yuan, down 33.31% to 55.54% year-on-year; Basic earnings per share is 0.4631 yuan per share-0.602 yuan per share. Based on the closing price on January 20, the current P/E ratio of Tianshan shares is about 15.19 to 19.75 times.
The announcement said that the main reason for the performance change was that during the reporting period, the market demand decreased due to the repeated COVID-19 epidemic and the decline in the growth rate of investment in real estate development, which led to the sales and prices of cement clinker and commercial concrete, the company's main products, declining to varying degrees year on year. In addition, affected by the rising prices of coal and other major raw materials, the cost of cement clinker increased year on year.
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