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Xinjiang Tianshan Cement (000877): Domestic cement profitability may have bottomed out in Q4 2024 and may see a rebound.
In the first 3 quarters before 2024, the company's revenue was 61.46 billion yuan, a year-on-year decrease of 23.55%, and a net income attributable to the mother of -3.748 billion yuan, a year-on-year decrease of 7471.1%. Looking at a single quarter, Q3 total revenue
Net income declined by more than 74 times, with a loss of 3.7 billion in the first three quarters, xinjiang tianshan cement, the leader in the cement industry, still has 6 billion outstanding bonds.
①The structural overcapacity contradiction in the cement industry remains prominent. ②Analytical viewpoints suggest that the company faces potential risks of accounts receivable, inventory, and goodwill impairment.
xinjiang tianshan cement (000877): The loss decreased compared to the previous quarter in the third quarter, and a turnaround to profit is expected in the fourth quarter.
Xinjiang Tianshan Cement released its third quarter report. In Q3 2024, the revenue was 21.76 billion yuan, a year-on-year decrease of -19.2%. The net profit attributable to the parent company was -0.334 billion yuan, a decrease from the previous quarter (-1.49 billion yuan in Q2 2024), lower than our expectations.
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