Jidong Cement: The net profit attributable to the parent company in the first quarter was -1.099 billion, and the loss increased by 38.68%!

2024-04-28 14:26:58

In the first quarter of 2024, the company's operating income was 3.341 billion yuan, down 35.56% year-on-year; the net profit loss attributable to shareholders of listed companies was 1.099 billion yuan, down 38.68% year-on-year.

On April 27, Tangshan Jidong Cement Co., Ltd. released the first quarter report of 2024. The

report shows that in the first quarter of 2024, the company's operating income was 3.341 billion yuan, down 35.56% from the same period last year; the net profit loss attributable to shareholders of listed companies was 1.099 billion yuan, an increase of 38.68%; The net profit loss attributable to shareholders of listed companies after deducting non-recurring gains and losses was 1.14 billion yuan, an increase of 37.49%.

Jidong Cement said in the announcement that the reasons for the decrease in operating income and operating costs were: mainly due to the year-on-year decrease in the comprehensive sales volume of cement clinker , the year-on-year decrease in the selling price, and the year-on-year decrease in the unit sales cost, resulting in the year-on-year decrease in operating income and costs.

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Correlation

Jidong Cement is expected to lose 120 million yuan to 180 million yuan in the first half of 2025, a substantial reduction in losses over the same period last year.

During the reporting period, the Company paid close attention to lean operation and adopted various cost reduction and efficiency enhancement measures, resulting in a significant decrease in costs as compared with the same period last year. Focusing on marketing and promoting the ecological construction of the industry, the average selling price of cement and clinker increased as compared with the same period last year, the gross profit margin of product sales increased as compared with the same period last year, the operating conditions continued to improve, and the loss was significantly narrowed as compared with the same period last year.

2025-07-14 17:22:41

Jidong Cement: The net profit attributable to the parent company in the first quarter was -1.099 billion, and the loss increased by 38.68%!

2024-04-28 14:26:58

CEMPI

106.98

-0.9 -0.83%

CONCPI

95.61

-0.28 -0.29%

CLKPI

104.75

-0.42 -0.40%

SPPI

45.14

-0.01 -0.02%

MORPI

76.93

-0.27 -0.35%

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