Tianshan Cement subsidiary pays ¥61.86m in supplementary taxes

Xinjiang Tianshan Cement Co., Ltd. announced that its subsidiary, following an internal review, was required to pay approximately ¥61.8558 million in supplementary taxes and late payment fees. As of the announcement date, the subsidiary has fully settled these tax obligations and associated penalties. The company confirmed that this tax matter does not involve any administrative sanctions.

This supplementary tax payment and related late fees will be recorded as a current period expense in 2025. Consequently, the company anticipates a reduction in its 2025 net profit by approximately ¥61.8558 million. The final impact will be subject to the audited financial statements for the year 2025.

Xinjiang Tianshan Cement stressed that this event is not classified as a prior period accounting error and will not necessitate a restatement of previous financial data. Furthermore, the company assures that this issue will not disrupt its ongoing business operations. Investors are advised to be aware of the investment risks.