Tianrui Cement: It is expected that the profit and total comprehensive income will decrease by about 60% in 2022.

On February 28, China Tianrui Cement issued a profit warning. The announcement shows that, according to a preliminary assessment of the group's unaudited consolidated management accounts, the company expects its profit and total comprehensive income to decrease by about 60% in fiscal year 2022 compared with the total profit and comprehensive income of about 1.282 billion yuan in 2021.   

The expected decrease in profit and total comprehensive income is mainly due to the decrease in sales revenue of the Group's cement products as a result of the decrease in market demand for cement under the influence of factors such as the downturn of the real estate market and the recurrence of the epidemic in 2022, as well as the increase in production costs of the Group due to the impact of the increase in coal price. In addition, due to the impact of changes in foreign exchange rates, the Group recognized an exchange loss of approximately RMB142 million.

China Cement Network will hold "2023 China Cement Industry Summit" in Hangzhou, Zhejiang Province on March 15-16, 2023, with the theme of "Strong Confidence, Breakthrough and Development", inviting industry leaders, experts, cement enterprises and equipment suppliers to gather together. Discuss the industry plan together.