On November 14, Jinyu Group said on the interactive platform for investors that Jidong Cement is the only operating platform for the company's cement business. Affected by the weak market demand this year, the production capacity in the northern region is insufficient, and the price of cement in the core regional market continues to decline. Although the cost has been reduced, it is not enough to compensate for the adverse impact of the price decline, resulting in a decline in performance.
Recently, Jidong Cement released a report for the first three quarters of 2023. The report shows that the operating income of Jidong Cement is 22.344 billion yuan, a decrease of 18.31% compared with the same period last year. The net loss attributable to shareholders of listed companies was 322 million yuan.
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