Yatai Group: Expected loss of 2.8 billion to 3.2 billion yuan in 2024

On the evening of January

17, Yatai Group (600881. SH) issued its annual performance pre-loss announcement for 2024, predicting that the company's annual operating performance in 2024 will show a loss, with a net loss of 2.8 billion yuan to 3.2 billion yuan attributable to the owner of the parent company. During the

reporting period, the demand for cement decreased, the prices of cement and clinker first declined and then rose, and the prices increased year-on-year during the year. The company's building materials industry achieved a year-on-year reduction in losses, but due to weak market demand, intensified competition and other factors, the company's building materials industry is still in a loss state.