Tianshan shares: net profit in the first half of the year is expected to drop 95.69% -97.13% year-on-year

Tianshan Stock (000877. SZ) announced its semi-annual performance forecast for 2023. During the reporting period, the net profit attributable to shareholders of listed companies was 100 million to 150 million yuan, down 97.13% to 95.69% from the same period last year; Net profit loss after deduction of non-recurring profit and loss was RMB400 million – RMB500 million, compared to a profit of RMB2,962,566,500 for the same period last year; basic earnings per share was RMB0.0115 – RMB0.0173 per share. During the

reporting period, the market demand was weak, resulting in the sales volume and price of cement clinker and commercial concrete, the main products of the company, decreased to varying degrees year on year. Affected by the year-on-year decrease in the prices of major raw materials such as coal, the cost of cement clinker and commercial concrete decreased year-on-year.