Jidong Cement: Net profit loss of 806 million yuan in the first half of 2024

30, Jidong Cement released the semi-annual report for 2024. In the first half of 2024, the operating income was 11.22 billion yuan, down 22.55% year-on-year; the net profit was -806 million yuan, down 120.18% year-on-year; the basic earnings per share was -0.3033 yuan; The weighted average return on equity ROE was -2.85%. The main sources of the

company's performance are the production and sale of cement and clinker , the production and sale of aggregates and the disposal of hazardous waste and solid waste. In the first half of

2024, affected by the overall weak effective market demand, the comprehensive sales volume of cement and clinker of the Company was 38.18 million tons, representing a year-on-year decrease of 13.15%, and the average sales price decreased by 14.24%. The cost reduction and efficiency enhancement measures taken by the Company resulted in a year-on-year decrease of 14.04% in the cost of sales per ton. However, it failed to cover the impact of changes in sales volume and price, with operating income falling 22.55% year-on-year, comprehensive gross profit rate of 13.75%, up 0.84 percentage points year-on-year, of which, cement gross profit rate of 11.14%, down 0.04 percentage points year-on-year, clinker gross profit rate of 3.06%, down 0.27 percentage points year-on-year. The gross profit margin of aggregates was 50.67%, representing a year-on-year increase of 2.76 percentage points, and the gross profit margin of co-disposal was 27.27%, representing a year-on-year decrease of 1.99 percentage points.