Western Cement 2024 net profit of 387 million yuan in the first half of the year, a decrease of 27.3% over the same period.

Recently, Western Cement released its interim results for 2024. In the first half of 2024, the revenue of Western Cement was RMB3.702 billion, representing a year-on-year decrease of 15.8%; the gross profit was RMB985 million, representing a year-on-year decrease of 20.2%; the profit before interest, tax, depreciation and amortization was RMB1.284 billion, representing a year-on-year decrease of 15.4%; the profit attributable to owners of the Company (net profit attributable to parent company) was RMB387 million, representing a year-on-year decrease of 27.3%. The total sales volume of

cement and clinker was 8.75 million tonnes, representing a year-on-year decrease of 8.3%; the sales volume of cement was 8.25 million tonnes, representing a year-on-year decrease of 9.7%; the sales volume of aggregate was 1.6 million tonnes, representing a year-on-year decrease of 22.3%; and the sales volume of commercial concrete was 660,000 tonnes, representing a year-on-year decrease of 28.3%.