Tianshan shares are expected to lose 400 million to 800 million yuan in 2024.

On the evening of January

16, Tianshan announced its annual performance forecast for 2024, with a net profit loss of 400 million yuan to 800 million yuan attributable to shareholders of listed companies in 2024 and a profit of 1.965 billion yuan in the same period last year; Net profit loss after deduction of non-recurring profit and loss was RMB1.8 billion – RMB2.3 billion, compared to a profit of RMB585 million for the same period last year; basic earnings per share loss was RMB0.0499 – RMB0.0998 per share. During the

reporting period, the Company actively strengthened cost control, resulting in a year-on-year decrease in the prices of major raw materials such as coal and a year-on-year decrease in the cost of cement clinker . However, due to the significant decrease in market demand and the significant decrease in the sales price and sales volume of cement clinker, the gross profit of cement clinker decreased year-on-year. Affected by the decline in raw material prices, the cost of commercial concrete decreased, but the decline in unit cost was lower than decline in unit price, and the gross profit of commercial concrete decreased year on year.