Summary by Futu AI
Tianshan Cement, a subsidiary of China Building Materials, has published key accounting data and financial indicators for the year ended December 31, 2023. The report showed that Tianshan Cement's sales revenue in 2023 fell 19.01% compared to 2022, to RMB 1073 billion; net profit attributable to Tianshan Cement shareholders fell 56.74% to about RMB 19.65 billion. In addition, net profit after non-recurring loss decreased by 78.37%, indicating that the company's profitability was significantly affected during the year. Despite this, the net cash flow generated by operating activities increased to approximately RMB169.51 billion, an increase of 11.14% over the previous year. The company's total assets and net assets belonging to Tin Shan Cement shareholders grew by 2.04% and 2.86%, respectively. The financial report will be officially published on the website of the Shenzhen Stock Exchange.