Tianshan Shares: Expected Loss of 2.9 Billion to 3.5 Billion in the First Half of 2024

8, Tianshan issued a performance forecast for the first half of the year. The company expects a performance loss from January to June 2024. The net profit loss attributable to shareholders of listed companies is 2.9 billion to 3.5 billion yuan, and the basic earnings per share is expected to be -0.404 to -0.3347 yuan. During the

forecast period, as compared with the same period of last year, the main reasons for the changes in results were: the Company actively strengthened cost control, the prices of coal and other major raw materials and fuels decreased year-on-year, and the costs of cement clinker and commercial concrete decreased year-on-year. However, due to the weak market demand and the sharp decline in the prices of cement and commercial concrete, the gross profit of cement clinker and commercial concrete decreased year on year.