Fujian Cement Inc

Fujian Cement announced on September 25 that its stock had experienced abnormal trading volatility. The cumulative daily closing price deviation over the two consecutive trading days of September 23 and September 24, 2026, reached 20%, which constitutes abnormal stock trading volatility. On September 23, the stock hit the daily limit-up, rising 10.05%; on September 24, it hit the limit-up again, rising 9.97%. After self-inspection and verification with its controlling shareholder and actual controller, as of the announcement date, there is no material information that should have been disclosed but has not been, including major asset restructuring, share issuance, major transactions, business restructuring, share buybacks, equity incentives, bankruptcy restructuring, major business cooperation, or the introduction of strategic investors. Daily operations remain normal. The company also issued a risk warning, stating that it has suffered consecutive losses in recent years, its core business has not fundamentally improved, and its price-to-earnings ratio is negative. There is a risk that market trading changes are not supported by corresponding changes in profitability. Investors are urged to pay attention to secondary market trading risks, make rational decisions, and invest prudently.

Fujian Cement released its 2026 interim report, with net profit attributable to the parent company at negative 69.21 million yuan, swinging from profit to loss year on year. Total operating revenue was 605 million yuan, down 21.45 percent from the same period last year. Net cash flow from operating activities was negative 158 million yuan, down 183.65 percent year on year. The company's latest asset-liability ratio was 77.02 percent, gross margin was negative 5.41 percent, and diluted earnings per share was negative 0.15 yuan.

Fujian Cement disclosed its earnings forecast, expecting a net loss attributable to shareholders of 69.21 million yuan in the first half of 2026, compared with a profit of 20.667 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 71.92 million yuan, compared with a profit of 12.8536 million yuan a year earlier. The company stated that cement market demand in Fujian Province remained sluggish, with intensifying supply-demand imbalances and fierce market competition. Cement prices fluctuated downward, leading to declines in both sales volume and prices. At the same time, coal prices rose, causing the company to swing to a loss year-on-year. During the reporting period, the company realized non-recurring gains and losses of approximately 3.0723 million yuan, mainly from government grants recognized in the current period.