Fujian Cement: Expected Net Profit Loss of 170 Million yuan to 230 Million yuan in 2024

2025-01-16 10:21:03

During the reporting period, the cement market demand was seriously insufficient, the market competition became more intense, and the company's cement sales volume and price fell, resulting in continued losses throughout the year.

Fujian Cement announced in the evening of January 15 that, according to the preliminary calculation of the financial department, the net profit attributable to the owner of the parent company in 2024 is expected to be-170 million yuan to-230 million yuan, which will reduce the loss by 92.59 million yuan to 152.59 million yuan compared with the same period last year.

During the reporting period, the cement market demand was seriously insufficient, the market competition became more intense, and the company's cement sales volume and price fell, resulting in continued losses throughout the year. Throughout the year, the company vigorously implemented the key tasks of "lean operation, precision marketing, human efficiency improvement, cost control", and the sales cost per ton of cement decreased significantly. Compared with the previous year, the gross profit margin of commodity sales changed from negative to positive, and the annual goal of reducing losses and controlling losses was achieved.

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Correlation

During the reporting period, the cement market demand was seriously insufficient, the market competition became more intense, and the company's cement sales volume and price fell, resulting in continued losses throughout the year.

2025-01-16 10:21:03

On January 15, 2021, Fujian Provincial Department of Industry and Information Technology announced the capacity replacement plan of Fujian Cement Co., Ltd. for the construction project of cement clinker production line with a daily output of 4500 tons, which was not organized and implemented for some reasons. Now the enterprise applies for the change of the announcement.