28, Shangfeng Cement released its semi-annual report for 2024. During the reporting period, the company realized business income of 2.392 billion yuan, down 25.44% from the same period last year. Net profit attributable to shareholders of listed companies was 171 million yuan, down 67.85% year on year. Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 211 million yuan, down 45.20% year on year. Basic earnings per share is 0.18 yuan. During the
reporting period, due to the decrease in market demand for cement building materials, oversupply of production capacity and the decline in product prices, the sales volume and product prices of the company's main products decreased year on year. In the first half of the year, the Company produced 6.83 million tons of clinker , with a year-on-year decrease of 7.59%; produced 7.27 million tons of cement, with a year-on-year decrease of 2.97% ; In the first half of the year, the total sales volume of cement and clinker was 9.29 million tons, representing a year-on-year decrease of 6.41% . In terms of the selling price of main products, the average unit selling price of cement products decreased by 19.72% and the average unit selling price of clinker products decreased by 26.84%. A total of 3.79 million tons of sand and gravel aggregates were sold in the first half of the year. The
accumulated operating income of the Company was RMB2.392 billion, representing a decrease of 25.44% as compared with the same period of last year, the net profit attributable to the shareholders of the listed company was RMB171 million, representing a decrease of 67.85% as compared with the same period of last year, and the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was RMB211 million, representing a decrease of 45.20% as compared with the same period of last year. Faced with the overall situation of the industry, the company continued to promote "income increase, cost reduction, cost control and efficiency increase", comprehensively promoted the progress of the operation and management of the main cement building materials industry, refined and optimized the management and control measures from the whole process of procurement, production and sales, and strengthened the cost control. In the first half of the year, the cost reduction and efficiency increase measures for clinker and cement production were put in place, and the effect was obvious. In the first half of the year, the comprehensive gross profit rate of business was 25.42%, down 4.37 percentage points from the same period last year, but it continued to maintain a better level in the industry. The asset structure of the Company maintained a good margin of safety. As at the end of the reporting period, the monetary capital scale of the Company was basically stable, and the actual external financing scale remained stable.
