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

2024-08-27 11:52:21

In the first half of the year, Tianshan's revenue was 39.699 billion yuan, down 25.72%, with a net loss of 3.414 billion yuan. The main reason for the decline in performance was the sharp drop in cement demand and the decline in gross profit margin caused by the price drop exceeding the cost drop.

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, from profit to loss; The main reason for the decline in performance is the decline in real estate investment and the shortage of infrastructure funds, which led to a sharp decline in demand for cement. Despite the reduction in coal prices and costs, the price of cement was lower, the decline exceeded the cost decline, and the gross profit margin declined, resulting in a significant decline in overall efficiency.

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Correlation

CEMPI

130.5

-0.85 -0.65%

CONCPI

111.39

-0.90 -0.80%

CLKPI

136.95

-1.09 -0.79%

SPPI

50.90

-0.27 -0.53%

MORPI

80.62

+0.02 +0.02%

Cement Net Weekly Report: Concrete Market Demand Continues to Weaken, Quotations in Many Places Decline Steadily (12.23-12.27)

Near the end of the year, the domestic concrete market demand continued to weaken, the cost support declined compared with the previous period, and the price of concrete in many places declined steadily. From December 19 to December 25, the national concrete price index closed at 111.39 points, down 0.80% annually and 10.97% year-on-year.