Net profit of Shanshui Cement in the first half of the year decreased by about 145% -150% compared with the same period last year.

On July 17, China Shanshui Cement Group Co., Ltd. issued a profit warning, which is expected to end on June 30, 2023. Profit attributable to equity holders of the Company decreased by approximately 145% to 150% as compared to approximately RMB477,009,000 for the same period of 2022, which was mainly due to the significant decrease in the sales price of cement during the period as compared to the same period of last year. The interim results announcement of the Group for the six months ended 30 June 2023 is expected to be released on 4 August 2023.