Xinjiang Tianshan Cement Co Ltd

China

000877.CS▲

Tianshan Materials' five cement clinker capacity quotas sold for approximately 157 million yuan

Tianshan Materials Co., Ltd. announced that among the seven cement clinker production line capacity quotas transferred by its subsidiaries, five have been listed and sold, with a total transaction amount of approximately 156.8925 million yuan. The transferee is a subsidiary of Gansu Qilianshan Cement Group Co., Ltd., constituting a related-party transaction. Of the remaining two capacity quotas, the Hanzhong Sinoma Cement quota has not yet been listed because its appraisal report is over one year old, while the Yuncheng Zhonglian Cement quota is still listed. The capacity quotas transferred this time total 17,850 tonnes per day, equivalent to 5.355 million tonnes, with a total proposed listing amount of approximately 297.5265 million yuan. The impact of the completed transactions on disposal gains or losses has been separately reflected in the 2025 annual results and the first-quarter and half-year reports of 2026, subject to the final audited annual financial statements. From the beginning of the year to the disclosure date, the cumulative related-party transactions between the company and Qilianshan Cement and its subsidiaries amounted to approximately 1.224 billion yuan.

Xinjiang Tians… ▲

000877.CS · Capital · Positive Tianshan Materials sold five cement clinker capacity quotas for ~157 million yuan, a disposal transaction reflected in its 2025 and 2026 results.

Read original ↗

Jiemian·34dRead more →

China

000877.CS▼3

Tianshan Shares posts loss of 3.193 billion yuan in first half of 2026

Tianshan Shares disclosed its 2026 semi-annual report on August 26. In the first half of the year, it achieved total operating revenue of 30.16 billion yuan, down 16.18 percent year on year. Net loss attributable to the parent company was 3.193 billion yuan, compared with a loss of 924 million yuan in the same period last year. Net loss after deducting non-recurring items was 3.55 billion yuan, compared with a loss of 1.083 billion yuan a year earlier. Net cash flow from operating activities was negative 930 million yuan, versus positive 1.943 billion yuan in the prior-year period. Basic loss per share was 0.449 yuan, and the weighted average return on net assets was negative 4.33 percent. As of the end of the first half, the company's goodwill reached 24.283 billion yuan, equivalent to 33.69 percent of net assets of 72.086 billion yuan over the same period.

Xinjiang Tians… ▼

000877.CS · Capital · Negative Company reported a net loss of 3.193 billion yuan, a significant deterioration from the prior year's loss.

Read original ↗

中国证券报·40dRead more →

China

000877.CS

Ningxia Building Materials Plans 100 Million to 200 Million Yuan Share Buyback and Cancellation

Ningxia Building Materials announced plans to repurchase shares through centralized competitive bidding, with a total amount of no less than 100 million yuan and no more than 200 million yuan, at a price not exceeding 19.47 yuan per share. The repurchased shares will be fully cancelled to reduce registered capital. The buyback period is within three months after shareholder meeting approval. The company's actual controller and controlling shareholder have no plans to reduce their holdings in the next three to six months. The company stated the move aims to carry out market value management, optimize capital structure, and demonstrate management's recognition of the company's intrinsic value and confidence in its development. Meanwhile, the company disclosed a deferred arrangement for resolving horizontal competition issues with Tianshan Cement. The controlling shareholder China National Building Material and the actual controller China National Building Material Group plan to fulfill relevant commitments within two years after shareholder meeting approval.

Ningxia Buildi… ▲Xinjiang Tians…

600449.CG · Capital · Positive Announces share buyback and cancellation to boost market value and optimize capital structure.

000877.CS · Regulation · Neutral Deferred arrangement for resolving horizontal competition with Ningxia Building Materials may affect Tianshan Cement.

Read original ↗

证券时报·57dRead more →

China

000877.CS

China National Building Material again extends non-compete commitment by two years

China National Building Material announced another two-year extension for fulfilling its non-compete commitments to Ningxia Building Materials and Tianshan Cement. The company issued a commitment letter in December 2017, originally planning to resolve competition issues within three years. It previously extended the deadline by three years in December 2020, and again by two years on August 9, 2024. The latest extension letter was issued on August 9, 2026, proposing to extend the performance period by another two years from the date each company's shareholders' meeting approves the resolution. The company stated that the business integration plan for its basic building materials segment needs to be advanced prudently, and previous extensions have all been approved by the relevant boards and shareholders' meetings. This extension does not affect the validity of other terms in the 2017 commitment letter.

China National… Xinjiang Tians… Ningxia Buildi…

3323.HK · Regulation · Neutral Extension of non-compete commitment delays resolution of competition issues, but is procedural and previously approved.

000877.CS · Regulation · Neutral Extension affects the timeline for resolving competition with parent, but no direct impact on operations.

600449.CG · Regulation · Neutral Extension affects the timeline for resolving competition with parent, but no direct impact on operations.

Read original ↗

南方财经网·57dRead more →

000877.CS▼

Tianshan Cement expects a loss of 2.8 billion to 3.36 billion yuan in the first half of 2026

Tianshan Cement disclosed its earnings forecast, expecting a net loss attributable to shareholders of 2.8 billion to 3.36 billion yuan in the first half of 2026, compared with a loss of 924 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 3.15 billion to 3.68 billion yuan, compared with a loss of 1.083 billion yuan a year earlier. The company's main business is the production and sale of cement, clinker, ready-mixed concrete, and aggregates. The change in performance is mainly due to weak market demand, which led to lower prices and volumes for cement and ready-mixed concrete, as well as a decline in aggregate prices. The decrease in costs and expenses was insufficient to offset the impact of falling prices, resulting in a year-on-year decline in gross profit for related products.

Xinjiang Tians… ▼

000877.CS · Demand · Negative Weak market demand led to lower prices and volumes for cement and ready-mixed concrete, causing a larger loss.

Read original ↗

中国证券报·83dRead more →

000877.CS▼2

Tianshan Cement issues 2026 first-half earnings forecast, expects net loss of 2.8 billion to 3.36 billion yuan

Tianshan Cement has issued its 2026 first-half earnings forecast, expecting a net loss of 2.8 billion to 3.36 billion yuan, and a non-recurring net loss of 3.15 billion to 3.68 billion yuan. Against a backdrop of weak domestic cement demand and low prices, the company reduced the cost of sales for its three main products—cement clinker, ready-mixed concrete, and aggregates—through centralized procurement, production optimization, and expense control. The company continues to advance its cement-plus industry chain extension, high-end, intelligent, and green transformation, as well as international expansion, with both revenue and profit from international operations growing year-on-year in the first half. Lianhe Credit maintains its rating outlook, believing the company will retain its prominent industry position thanks to advantages in scale, cost, and financing capability.

Xinjiang Tians… ▼

000877.CS · Demand · Negative Weak domestic cement demand and low prices lead to expected net loss of 2.8-3.36 billion yuan.

Read original ↗

证券时报·83dRead more →