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. In
2024, Tianrui Cement achieved a profit of 279 million yuan, which is remarkable in the cement industry. Among the 16 cement listed companies, Tianrui ranked 7th in net profit in 2024, ranking higher than Tianshan Stock, Huarun Building Material Technology, Shanshui Cement , Evergreen, Jidong Cement and other well-known enterprises in the industry. Among the cement listed companies whose
core market is located in the northern region, Tianrui Cement's performance is second only to that of Western Cement and Qingsong Jianhua. After
handing in high-quality answers, Tianrui Cement announced that the controlling shareholder Yukuo Co., Ltd. had purchased shares of Tianrui Cement 147049000. After the completion of the increase, Yu Kuo will hold 1844885822 shares of Tianrui Cement, accounting for 59.8% of the issued share capital of Tianrui Cement.
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