Sifang New Material announced in the evening that, according to the preliminary calculation of the company's financial department, the net profit attributable to shareholders of listed companies in 2024 is expected to be-153 million yuan to-229 million yuan, which will be a loss compared with 12.9645 million yuan in the same period last year. Affected
by the decline of the real estate industry, from January to November 2024, the new construction area of real estate in Chongqing declined by 23.6%, which greatly reduced the demand for commercial concrete products in Chongqing.
On the same day, the company announced that in the fourth quarter of 2024, the output of commercial concrete was 1.1048 million cubic meters, down 23.56% year-on-year, and the output of asphalt concrete was 64.8 million tons, up 138.24% year-on-year. In 2024, the Company produced 4,106,200 cubic meters of commercial concrete and 123,900 tons of asphalt concrete, with a year-on-year decrease of 26.51% and 2.44% respectively.
