Tianlu, Tibet: Estimated net profit in 2022: -450 million yuan to -350 million yuan

Xizang Tianlu issued a performance forecast on January 30, predicting that the net profit attributable to shareholders of listed companies in 2022 will be-450 million yuan to-350 million yuan, compared with the same period last year, it is expected to decrease by about 490 million yuan to about 390 million yuan, a decrease of 1224.39% to 974.53%. The main reason for the change in

performance is that, in the building materials industry, first, a number of cement clinker production lines in Xizang Autonomous have been put into operation, the market competition has been intensifying, the sales volume and price of cement have fallen, and the profi tability of the business has declined significantly; Second, the coal resources in the region are scarce, highly dependent on the supply outside the region, with long transportation distance and high production costs.