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

115.47

-0.25 -0.22%

CONCPI

113.17

0 0%

CLKPI

116.97

+0.19 +0.16%

SPPI

47.80

-0.13 -0.27%

MORPI

84.00

-0.15 -0.18%

Rereading an old article is not as good as smoke.

This article is selected from Song Zhiping's book "Reform Heart Road", which describes his motivation and effect of restructuring cement in those years, and has been published by China Cement Network. Recently, there has been a call for restructuring and mergers and acquisitions in the cement industry. Reviewing this old article may have the effect of reviewing the old and learning the new, encouraging the industry to promote a new round of restructuring, and solving the persistent problems of the industry.