Fujian Cement: It is estimated that the net loss in the first half of the year will be around 133 million yuan, and the loss will be enlarged compared with the same period last year

Fujian Cement issued a performance pre-loss announcement for the first half of 2023. The company expects to achieve a net loss of about 133 million yuan attributable to the owner of the parent company in the first half of 2023, with a year-on-year loss expansion; It is estimated that the net loss attributable to the owner of the parent company after deducting non-recurring gains and losses will be about 135 million yuan in the first half of 2023, and the loss will expand year-on-year. The main reason for the estimated loss of the results for the

current period was that the cement price continued to decline due to the continued weak market demand. During the reporting period, the average selling price of cement of the Company decreased by 7.86% year-on-year, and the sales volume decreased by 7.40% year-on-year. Resulting in a loss in the current operating results.

In addition, China Cement Network information shows that on August 26 , 2022, Fujian Cement Co., Ltd. released its semi-annual report for 2022. The report shows that during the reporting period, the company's operating income was 1.193 billion yuan, a year-on-year decrease of 19.21%; the net profit attributable to shareholders of listed companies was -88.422 million yuan, a year-on-year decrease of 141.27% ; Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was-95.4723 million yuan, a decrease of 146.82% over the same period last year.