Tianshan Cement has issued its half-year earnings forecast, projecting a loss of 2.8 billion to 3.36 billion yuan for the first half of 2026, compared with a loss of 924 million yuan in the same period last year. The loss after deducting non-recurring items is expected to reach 3.15 billion to 3.68 billion yuan. The company said that although unit costs for cement clinker, ready-mix concrete and aggregates fell year-on-year, weak market demand led to lower prices and volumes for cement and ready-mix concrete, as well as a decline in aggregate prices. The cost reductions were not enough to offset the impact of falling prices, and gross profit from related products decreased year-on-year. In the first quarter of this year, Tianshan Cement reported revenue of 12.334 billion yuan and a net loss attributable to shareholders of 1.495 billion yuan. As of the close on July 14, the company's share price had fallen more than 31 percent year-to-date.
Xinjiang Tianshan Cement Co LtdWeak market demand led to lower prices and volumes for cement and ready-mix concrete, causing a projected first-half loss of up to 3.36 billion yuan.