China Tianrui Cement released its annual results as of December 31, 2024, and the group achieved revenue of 6.117 billion yuan, a decrease of 22.46% compared with the same period last year; Profit attributable to owners of the Company for the year was 279 million yuan, compared with a loss of 634 million yuan for the same period in 2023; earnings per share was 0.1 yuan.
In 2024, the revenue from sales of cement was about 4.367 billion yuan, a decrease of 1.72 billion yuan or 28.3% compared with 2023. The sales volume of cement decreased by 6.6 million tonnes, or 26.2%, from approximately 25.2 million tonnes in 2023 to approximately 18.6 million tonnes in 2024. The decrease in revenue was mainly due to the decrease in both sales volume and selling price of cement.
Meanwhile, its shares will resume trading on June 23.
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