JIDONG CEMENT(000401)2024-07-05 13:04Financial Performance - The company expects a net profit attributable to shareholders to be a loss of between 740 million and 870 million yuan, compared to a loss of 366.14 million yuan in the same period last year [2]. - The net profit after deducting non-recurring gains and losses is expected to be a loss of between 870 million and 1 billion yuan, compared to a loss of 465.8 million yuan in the same period last year [2]. - The basic earnings per share is expected to be a loss of between 0.2784 yuan and 0.3273 yuan, compared to a loss of 0.1377 yuan per share in the same period last year [2]. Market Conditions - The overall market demand was weak, leading to a significant decline in cement and clinker prices and a decrease in sales volume [4]. - The cement market demand started slowly in Q1 2024, with prices remaining low but stabilizing and beginning to rise from April onwards [5][6]. Operational Strategies - The company implemented cost reduction and efficiency enhancement measures, resulting in a decrease in production costs of over 12% for cement and clinker [6]. - The company is focusing on optimizing marketing strategies and integrating regional markets to enhance operational efficiency [5]. Financial Reporting - Deferred income tax assets decreased due to temporary differences, leading to an increase in deferred income tax expenses for the period [6]. - The company plans to disclose detailed financial data in the 2024 semi-annual report [6]. - The company emphasizes the importance of timely information disclosure to mitigate investment risks [6].