Tianshan Stock 2025 Performance Release

Tianshan shares released its annual performance report on the evening of March 30, saying that its operating income in 2025 was about 74.496 billion yuan, a decrease of 14.4% compared with the same period last year; the net profit loss attributable to shareholders of listed companies was about 7.291 billion yuan. During the

reporting period, the cost of cement business decreased significantly due to the decline in raw materials and coal prices, but the gross profit margin increased slightly, the gross profit decreased and the benefit decreased year on year due to the weak market demand and the sharp decline in sales prices; Affected by the decline in the prices of cement and sand, the cost of the commercial mixing business decreased, but affected by factors such as the downturn of the real estate market and the decline in prices, the gross profit margin increased year-on-year, the gross profit increased and the benefit decreased year-on-year; the sales volume of the aggregate business decreased year-on-year, affected by the decline in prices, the gross profit margin decreased year-on-year, the gross profit decreased year-on-year and the benefit decreased year-on-year. In 2025, the Company and its subsidiaries made a provision for bad debts of RMB 1,041,377,600 for receivables and a provision for asset impairment of RMB 5,363,728,900 for other assets. The total provision for asset impairment was RMB 6,405,106,500, reducing the total profit of RMB 6,405,106,500 in 2025. The company's overall performance fell sharply year on year.