The net loss of Shanshui Cement in 2024 is about 141 million yuan.

A few days ago, Shanshui Cement announced its performance in 2024, with operating income of about RMB 14.51 billion, a decrease of 19.9% compared with 2023. The loss attributable to shareholders of the company was about RMB 141 million, a decrease of 84.09% compared with 2023; Basic loss per share was RMB0.03. During the

reporting period, the group sold 51.783 million tons of cement and clinker , a decrease of 17.7% over the same period last year. Sales of commercial concrete 2 million 272 thousand cubic meters, a decrease of 25.5% over the same period. The decrease in revenue was mainly due to a 15% year-on-year decrease in sales volume and a 3% year-on-year decrease in price of cement during the Year. The loss for the

year was mainly attributable to the decrease in sales volume of cement due to the weak market demand. However, due to the increase in gross operating profit and the decrease in sales, administrative and financial expenses to varying degrees under various cost and expense control measures during the year, the loss for the whole year narrowed year-on-year.