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!

2024-01-26 17:40:06

Tianshan's net profit 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.

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.


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Correlation

On November 21, the Western Construction (002302) issued a prospectus for issuing stocks to specific targets in 2021. The company plans to introduce Conch Cement as a strategic investor through this issue, and Conch Cement will subscribe for 183 million shares, accounting for 12.48% of the total equity after the issue, becoming the second largest shareholder. The purpose of this issue is to optimize the capital structure, supplement liquidity and repay bank loans, which is expected to bring the company an annual increase of 8.85 billion yuan in operating income and a total profit of 708 million yuan, up 38.71% and 78.23% respectively from 2023.