Tianshan Cement 2026 H1 Revenue Down 16.18%, Net Loss RMB 3.19 Billion

Tianshan Cement disclosed its 2026 interim report on the evening of August 25. During the reporting period, the company achieved operating revenue of RMB 30.16 billion, down 16.18% year on year; net profit attributable to shareholders of the listed company was -RMB 3.19 billion. Operating costs amounted to RMB 26.39 billion, a decrease of 9.98%. The company stated that amid the overall industry downturn, its full-chain cost control provided a buffer against the cyclical decline.

The company continued to advance its "three-precision management" system centered on lean operations, refined management, and streamlined organization, promoting cost reduction and efficiency gains across production, procurement, and expenses. On the production front, the company pushed forward energy-saving and low-carbon technical upgrades for production lines, optimized raw material and fuel structures and production ratios, and carried out special initiatives such as optimizing material consumption in grinding systems. On the procurement side, relying on a "two-level centralization, three-level management" procurement system, it deepened centralized procurement and direct sourcing from origins. In expense control, sales expenses fell 17.8% year on year during the reporting period, while financial expenses decreased 11.75%.

In terms of product structure, the company uses Jiahua Special Cement as its platform for special cement business. As of the end of the reporting period, it had led or participated in the formulation of 29 national standards and held 271 patent achievements. During the reporting period, sales volumes of oil and gas field materials and special engineering materials both increased, while oil well cement and chemical preparation products expanded into new overseas markets. In the first half, the company's sales of cement products with green attributes reached 30 million tonnes, and multiple products obtained China Low-Carbon Product Certification and Green Building Materials Product Certification.

On the channel side, the company promoted marketing model transformation through its "Jucaitong" e-commerce platform. During the reporting period, online business covered 25 provinces, with 281 manufacturing enterprises onboarded, and online transaction sales reached 16.8 million tonnes, up 0.8% year on year. In the first half, the company launched a driver-side mini-program, established a third-party store system, expanded building materials categories, and introduced a special product shelf.

In international business, the company uses Sinoma Cement as its platform for international development. In the first half, overseas companies sold 1.54 million tonnes of cement clinker, up 57% year on year; cumulative operating revenue increased 70% year on year. The 3,500 tonnes per day clinker cement production line in Aktobe, Kazakhstan, is advancing as planned. In Zambia and Tunisia, the companies successively launched integrated "cement + ready-mixed concrete" and "cement + aggregate" business models. The photovoltaic project of the Zambian company achieved full-capacity grid connection, while green energy projects in Mongolia and Tunisia made progress.

In financial data, as of the end of June 2026, the company's total assets reached RMB 280.10 billion, net assets attributable to shareholders of the listed company stood at RMB 72.09 billion, and the monetary fund balance was RMB 14.53 billion, a significant increase from the end of 2025. During the reporting period, net cash flow generated from financing activities was RMB 7.23 billion.