On April 11, Shanshui Cement released some financial information for the three months ended March 31, 2024, saying that the company's operating income was about RMB 1.705 billion (the same unit below), a decrease of 46.42% compared with the same period last year; The loss attributable to shareholders of the company (net profit loss attributable to the parent company) was about 808 million yuan, an increase of 43.73% over the same period last year. On March 15,
2024, Shanshui Cement released a preliminary performance report for 2023. The loss attributable to shareholders of the Company for Shanshui Cement in 2023 was approximately RMB884 million.
According to China Cement Network, by the end of 2023, the annual production capacity of Shanshui cement clinker was 50.902 million tons, mainly distributed in Shandong, Liaoning, Shanxi, Inner Mongolia, Xinjiang and other places.
A few days ago, China Cement Network and the relevant person in charge of the enterprise learned that the market started very late this year, the first quarter has not recovered to 70% of previous years, mainly due to the delay of the Spring Festival and other effects, the slow progress of the project, the lack of downstream demand, resulting in cement enterprises just started to face the problem of full storage and kiln shutdown. He disclosed that many cement enterprises in Shandong started to open kilns in mid-March, but because there was no sales volume, the stock of cement clinker was basically full, and if it could not be sold again, it could only stop on its own initiative. There are also some enterprises that did not open the kiln at all in the first quarter after assessing the market demand, thus postponing the opening time.
