Jiangxi Wannianqing Cement (000789.SZ) released its performance forecast for the first half of 2024. During the reporting period, the net income attributable to shareholders of the listed company was between 1.2 million yuan and 1.7 million yuan, a decrease of 99.55%-99.36% from the same period last year. The net profit after deducting non-recurring gains and losses was a loss of 30 million yuan – 18 million yuan, a decrease of 111.85%-107.11% from the same period last year; basic earnings per share was profitable at 0.0015 yuan / share -0.0021 yuan / share.
In the first half of this year, due to the continuous decline of real estate investment, the slowdown of infrastructure investment, and the impact of rainy weather, the downstream demand for the cement industry was insufficient, and the supply and demand contradiction intensified. The company's product sales volume and sales price decreased year-on-year, resulting in a decline in revenue and profits.