Tianshan Materials, a subsidiary of China Building Materials, has published key accounting data and financial indicators for the three months ended March 31, 2024. The report showed that Tianshan Materials's operating income during the reporting period decreased by 26.94% compared to the same period last year to about RMB 163.51 billion. In the same period, net profit attributable to Tianshan Materials shareholders also declined, decreasing 56.21% from the same period last year to approximately RMB 19.23 billion. Net cash flow generated by operating activities turned negative from approximately RMB14.60 billion in the same period last year to approximately RMB13.82 billion, a decrease of 194.64%. IN ADDITION, BASIC EARNINGS PER SHARE AND DILUTED EARNINGS PER SHARE DECREASED BY 56.23%, WHILE THE WEIGHTED AVERAGE NET ASSET YIELD ALSO DECREASED FROM -1.51% TO...Show More

Tianshan Materials, a subsidiary of China Building Materials, has published key accounting data and financial indicators for the three months ended March 31, 2024. The report showed that Tianshan Materials's operating income during the reporting period decreased by 26.94% compared to the same period last year to about RMB 163.51 billion. In the same period, net profit attributable to Tianshan Materials shareholders also declined, decreasing 56.21% from the same period last year to approximately RMB 19.23 billion. Net cash flow generated by operating activities turned negative from approximately RMB14.60 billion in the same period last year to approximately RMB13.82 billion, a decrease of 194.64%. IN ADDITION, BASIC EARNINGS PER SHARE AND DILUTED EARNINGS PER SHARE DECREASED BY 56.23%, WHILE THE WEIGHTED AVERAGE NET ASSET YIELD ALSO DECREASED FROM -1.51% TO -2.31% LAST YEAR. Total assets at the end of the reporting period increased slightly compared to the end of the previous year, reaching approximately RMB3005.71 billion. The full text of the quarterly report of Tianshan Materials has been published on the website of the Shenzhen Stock Exchange. The Secretary of the China Building Materials Board, Pei Hongyan, issued this voluntary announcement on 29 April 2024.