Tianshan shares: a net loss of 3.414 billion yuan in the first half

Tianshan shares in the evening of August 26th issued 2024 semi-annual report, the company achieved operating income of 39.699 billion yuan in the first half of the year, down 25.72%; net loss of 3.414 billion yuan, profit to loss; basic earnings per share -0.394 yuan. During the

reporting period, due to the continuous decline in real estate investment and insufficient funds for infrastructure projects, the demand for cement declined significantly. Although the year-on-year decline in coal prices led to a significant reduction in costs, due to the continued low price, the year-on-year decline was greater than cost decline, the gross profit margin declined year-on-year, and the benefits declined significantly year-on-year. From January to June of

2024, the Company sold 94.44 million tons of cement, with a year-on-year decrease of 11.68%; sold 11.59 million tons of clinker , with a year-on-year decrease of 21.30%; sold 34.26 million cubic meters of mixed cement, with a year-on-year increase of 1.51%; Sales of aggregate amounted to 59.38 million tons, representing a year-on-year decrease of 6.38%.