Summary by Futu AI
China National Building Materials' subsidiary, Tianshan Materials, has released the primary accounting data and financial indicators for the six months ended June 30, 2024. The report shows that Tianshan Materials' revenue during this period decreased by 25.72% compared to the same period last year, to approximately 39.7 billion RMB. The company's net profit attributable to shareholders incurred a significant loss, amounting to -3.414 billion RMB, a decrease of 2508.28% compared to a profit of 0.142 billion RMB in the same period last year. The net profit after deducting non-recurring gains and losses also showed a loss of -3.686 billion RMB. The net cash flow from operating activities also decreased by 82.30%, to approximately 1.524 billion RMB. In addition, Tianshan Materials' total assets slightly increased, but the net assets attributable to shareholders decreased by 4.94%. The full text of the semi-annual report has been published on the GEM Information Network. This announcement was released by the Board Secretary of China National Building Materials, Pei Hongyan, on August 26, 2024.
