Tianshan Materials posts strong profit growth despite revenue dip

Tianshan Materials Co., Ltd. announced a robust increase in net profit for the first three quarters of 2025, with net profit attributable to shareholders of the listed company surging by 68.50% to 1.18 bn yuan compared to the previous year. This growth occurred despite a 10.64% decrease in operating revenue, which settled at 54.94 bn yuan. The company attributed the profit improvement to increased gross profit margins in cement and ready-mix concrete, alongside reduced period expenses.

The company's total assets grew by 0.55% to 289.73 bn yuan by the end of the reporting period. Notably, cash flow from operating activities increased by 43.50%, reaching 4.87 bn yuan, driven by a reduction in cash payments for goods and services. However, cash flow from financing activities saw a significant decline of 125.76%, primarily due to a decrease in cash received from investments and other financing activities.

Key operational highlights include a 12.8% decrease in cement clinker sales to 144.1m tons, and a 1.5% decrease in commercial concrete sales to 52.35m cubic meters. Despite these volume reductions, the company emphasized its focus on "value-based profitability" and "lean management" strategies, contributing to the positive financial outcome.