Tianshan Material (000877.SZ) issued a pre-expected loss announcement, expecting a net loss of 400 million to 800 million yuan for the year 2024, a year-on-year change from profit to loss.

Tianshan Material (000877.SZ) has released a performance forecast for 2024, expecting a net loss of 400 million to 800 million yuan attributable to shareholders of the listed company for the full year, a year-on-year change from profit to loss. Compared with the same period last year, the main reasons for the performance change during the forecast period are: the company actively strengthened cost control during the reporting period, with the prices of main raw materials such as coal decreasing year-on-year, and the cost of cement clinker decreasing year-on-year. However, due to a significant decrease in market demand, the sales price and volume of cement clinker decreased significantly, leading to a decrease in gross profit margin year-on-year. The gross profit margin of precast concrete also decreased year-on-year due to the decrease in raw material prices, although costs decreased, the decrease in unit cost was lower than the decrease in unit selling price.