Tianshan Cement Q1 net loss narrows amid revenue dip

Xinjiang Tianshan Cement (SZSE:000877) reported a narrowed net loss attributable to shareholders of CNY -1,493.77 million for the first quarter of 2025, compared to a loss of CNY -1,923.20 million in the same period last year, a 22.33% improvement. Revenue decreased by 8.64% year-over-year, reaching CNY 14,946.53 million. The company attributed the improved performance to increased cement sales prices and reduced costs of cement and concrete. Despite the overall decrease in revenue, operating activities saw a net cash outflow of CNY -2,159.30 million, compared to CNY -1,380.72 million the previous year, influenced by decreased cash received from sales. Total assets reached CNY 293,172.22 million, marking a 1.74% increase from the end of the previous year.