Jidong Cement: estimated net loss of 740 million yuan to 870 million yuan in the first half

2024-07-08 10:08:40

During the reporting period, the effective market demand was weak as a whole, the price of cement and clinker decreased significantly year-on-year, and the sales volume decreased year-on-year.

On July 6, Jidong Cement issued a semi-annual performance forecast, the company expects to increase losses in January-June 2024, the net profit attributable to shareholders of listed companies is-870 million to-740 million, net profit fell 137.61% to 102.11% year-on-year. The basic earnings per share is estimated to be -0.3273 to -0.2784 yuan.

The Company made the above forecast based on the following reasons: during the reporting period, the effective market demand was weak as a whole, the price of cement and clinker decreased significantly year-on-year, and the sales volume decreased year-on-year; At the same time, the company took measures to reduce costs and increase efficiency, resulting in a significant year-on-year decrease in costs, but failed to cover the impact of changes in sales volume and price, resulting in a year-on-year increase in losses during the reporting period.

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During the reporting period, the effective market demand was weak as a whole, the price of cement and clinker decreased significantly year-on-year, and the sales volume decreased year-on-year.

2024-07-08 10:08:40

The title is "Cement and Clinker Inventory Statistics". The table presents the storage locations (%) of cement and clinker in different regions of China on June 13, as well as the storage locations (percentage points) on a year-on-year and month-on-month basis. In terms of clinker, the data of different regions are different, the change of storage location in East China and Central South China is relatively large, and the change of storage location in Southwest China and Northwest China is relatively small. For cement, the storage location in the southwest region changes greatly compared with the same period last year, while the storage location in the northeast region changes slightly compared with the same period last year. As a whole, it reflects the inventory situation and change differences of cement and clinker in different regions.