Tianshan shares: a net loss of 3.414 billion yuan in the first half

2024-08-27 09:14:28

Tianshan shares in the evening of August 26th issued 2024 semi-annual report, the company achieved operating income of 39.699 billion yuan in the first half of the year, down 25.72%; net loss of 3.414 billion yuan, profit to loss; basic earnings per share -0.394 yuan. During the reporting period, due to the continuous decline in real estate investment and insufficient funds for infrastructure projects, the demand for cement declined significantly. Although the year-on-year decline in coal prices led to a significant reduction in costs, due to the continued low price, the year-on-year decline was greater than cost decline, the gross profit margin declined year-on-year, and the benefits declined significantly year-on-year.

Tianshan shares in the evening of August 26th issued 2024 semi-annual report, the company achieved operating income of 39.699 billion yuan in the first half of the year, down 25.72%; net loss of 3.414 billion yuan, profit to loss; basic earnings per share -0.394 yuan. During the

reporting period, due to the continuous decline in real estate investment and insufficient funds for infrastructure projects, the demand for cement declined significantly. Although the year-on-year decline in coal prices led to a significant reduction in costs, due to the continued low price, the year-on-year decline was greater than cost decline, the gross profit margin declined year-on-year, and the benefits declined significantly year-on-year. From January to June of

2024, the Company sold 94.44 million tons of cement, with a year-on-year decrease of 11.68%; sold 11.59 million tons of clinker , with a year-on-year decrease of 21.30%; sold 34.26 million cubic meters of mixed cement, with a year-on-year increase of 1.51%; Sales of aggregate amounted to 59.38 million tons, representing a year-on-year decrease of 6.38%.

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Correlation

Tianshan shares: a net loss of 3.414 billion yuan in the first half

Tianshan shares in the evening of August 26th issued 2024 semi-annual report, the company achieved operating income of 39.699 billion yuan in the first half of the year, down 25.72%; net loss of 3.414 billion yuan, profit to loss; basic earnings per share -0.394 yuan. During the reporting period, due to the continuous decline in real estate investment and insufficient funds for infrastructure projects, the demand for cement declined significantly. Although the year-on-year decline in coal prices led to a significant reduction in costs, due to the continued low price, the year-on-year decline was greater than cost decline, the gross profit margin declined year-on-year, and the benefits declined significantly year-on-year.

2024-08-27 09:14:28

CEMPI

102.52

+0.29 +0.28%

CONCPI

86.76

+0.11 +0.13%

CLKPI

105.87

+0.60 +0.57%

SPPI

42.11

+0.13 +0.31%

MORPI

71.86

+0.03 +0.04%

Clinker production capacity increased to about 3.2 million tons, and the environmental impact assessment of the technical transformation project of Huizhou Tapai Cement was approved.

Recently, the Department of Ecology and Environment of Guangdong Province issued the Reply and Announcement of the Department of Ecology and Environment of Guangdong Province on the Eco-environmental Impact Report of the Energy-saving and Environmental Protection Technical Reform Project of Huizhou Tapai Cement Co., Ltd. The project does not change the main equipment of the cement kiln, but improves the production capacity of cement clinker through partial transformation, replacement of auxiliary equipment and energy-saving and environmental protection transformation. After the implementation of the project, the production capacity of the two cement clinker production lines will be 2 × 5,333 tons/day, with an annual output of 300 days and an annual output of 2 × 1,599,900 tons of cement clinker; the production capacity of the cement grinding system will be increased to 4.2 million tons/year.