Summary by Moomoo AI
China Building Materials' subsidiary, Tianshan Materials, has released its key financial data and financial indicators for the six months ended June 30, 2024. The report shows that Tianshan Materials' revenue during this period decreased by 25.72% compared to the same period last year, to approximately 39.7 billion yuan. The company's net profit attributable to shareholders experienced a huge loss, reaching -3.414 billion yuan, a decrease of 2508.28% compared to a profit of 0.142 billion yuan in the same period last year. After deducting non-recurring gains and losses, the net profit also showed a loss of -3.686 billion yuan. The net cash flow generated from operating activities also decreased by 82.30% to approximately 1.524 billion yuan. In addition, Tianshan Materials' total assets have slightly increased, but the net assets attributable to shareholders have decreased by 4.94%. The full text of the semi-annual report has been published on the Juchao information website. This announcement was released by the Board Secretary of China Building Materials, Pei Hongyan, on August 26, 2024.
