Qilian Mountain issued a performance forecast on the evening of July 12, predicting that the net profit attributable to shareholders of listed companies will be about 222 million yuan to 242 million yuan in the first half of 2023, which is expected to decrease by 260 million yuan to 280 million yuan compared with the same period last year, a decrease of 51.76% to 55.74% compared with the same period last year.
During the reporting period, compared with the same period of last year, the main reason for the change in performance is: during the reporting period, the price of cement, the main product of the company, declined significantly year-on-year. Although the cost of cement decreased year-on-year due to the year-on-year decline in the prices of major raw materials such as coal, it was not enough to offset the impact of the decline in commodity prices on performance. From January to December
2022, the operating revenue of Qilian Mountain is composed of 90.62% of cement, 5.26% of commercial concrete, 2.6% of commercial clinker , 1.02% of aggregate and 0.5% of other businesses.
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