SHANSHUI CEMENT (00691) announced its performance for 2024, with a net loss attributable to owners of approximately 141 million yuan, narrowed by 84.09% year-on-year.

SHANSHUI CEMENT (00691) announced its performance for the year 2024, with operating income of approximately RMB 14.51 billion, a decrease of 19.9% compared to 2023; the loss attributable to the company's shareholders was approximately RMB 141 million, a decrease of 84.09% year-on-year; the basic loss per share was RMB 0.03. During the reporting period, The group sold a total of 51.783 million tons of cement and clinker, a decrease of 17.7% year-on-year; the sales volume of ready-mixed concrete was 2.272 million cubic meters, a decrease of 25.5% year-on-year. The decrease in revenue was mainly due to a 15% decrease in cement sales volume and a 3% decrease in prices year-on-year. The loss for this year was mainly due to weak market demand for cement and a decrease in sales volume. However, due to cost control measures implemented this year, operating gross profit increased, and sales, management, and financial expenses all saw varying degrees of declines, resulting in a narrowing of the loss compared to the previous year.