Fujian Cement Inc. (600802.SH) has issued a preliminary deficit forecast, estimating a net loss of 170 million to 230 million yuan for the fiscal year 2024.

Fujian Cement Inc. (600802.SH) announced that the company is expected to achieve a net profit attributable to the owners of the parent company of 170 million to 230 million yuan in 2024. Compared to the same period last year (disclosed statutory data), the company's loss is expected to decrease by 92.59 million to 152.59 million yuan. During the reporting period, the demand in the cement market was severely insufficient, leading to intensified market competition. The company's cement sales volume and price both declined, resulting in a continued loss for the entire year. The company vigorously implemented key work such as "lean operations, precise marketing, efficiency improvement, and cost control", leading to a significant decrease in cement sales costs per ton. Compared to the previous year, the gross profit margin from product sales turned from negative to positive, achieving the annual goal of reducing losses and controlling losses.