Tianshan shares are expected to make a profit of 1.6 billion to 2.08 billion in 2023, down 64.78% to 54.21% year on year!

On the evening of January

16, Xinjiang Tianshan Cement Co., Ltd. issued a performance forecast for 2023. The

announcement shows that the net profit of Tianshan shares attributable to shareholders of listed companies in 2023 is estimated to be 1.6 billion yuan to 2.08 billion yuan, down 64.78% to 54.21% from the same period last year, with a profit of 4.542 billion yuan. Net profit after

deducting recurring gains and losses is estimated to be 500 million yuan to 1 billion yuan, down 81.51% to 63.03% from the same period last year, with a net profit of 2.705 billion yuan. Explanation of reasons for changes in

results:

The Company actively strengthened cost control, combined with the year-on-year decrease in the prices of coal and other major raw materials, the costs of cement clinker and commercial concrete decreased year-on-year, but affected by the weak market demand and the significant drop in prices. The gross profit of cement clinker and commercial concrete decreased year on year.