TSC(SZ:000877)2024-07-08 08:42Financial Performance - The estimated net profit for the first half of 2024 is projected to be a loss of 290 million yuan, compared to a profit of 14.17 million yuan in the same period last year[2]. - The estimated net profit after deducting non-recurring gains and losses is projected to be a loss of 320 million yuan, compared to a loss of 40.97 million yuan in the same period last year[2]. - The basic earnings per share is estimated to be 0.3347 yuan, compared to earnings of 0.0164 yuan per share in the same period last year[2]. - The financial data provided is a preliminary estimate and will be detailed in the company's 2024 semi-annual report[3]. - Investors are advised to invest rationally and be aware of risks associated with the company's performance[3]. Market Trends - National cement demand has continued to decline, with a cumulative production decrease of 10.9% year-on-year from January to May 2024[4]. - Cement prices showed a downward trend in early 2024 but began to recover in May, with prices continuing to rise in June[4]. Operational Strategies - The company has implemented a comprehensive cost reduction action plan, resulting in a decrease in cement sales costs year-on-year due to lower raw material prices[4]. - The company is focusing on optimizing upgrades, cost reduction, and innovation to enhance operational efficiency and sustainability[4]. - The company emphasizes the importance of precise management and energy-saving measures to stabilize its operational foundation[4].