TSC(SZ:000877) Zheng Quan Shi Bao Wang·2025-03-26 14:04Core Viewpoint - Tianshan Co. reported a significant decline in revenue and net profit for 2024 due to a shrinking demand in the cement and building materials industry, while also highlighting its efforts in cost management and digital transformation to maintain operational stability [1] Group 1: Financial Performance - The company achieved an operating revenue of 86.995 billion yuan, a year-on-year decrease of 18.98%, and a net profit attributable to shareholders of -0.598 billion yuan [1] - Despite the overall industry downturn, the company managed to stabilize manufacturing costs for its main products, including cement and ready-mixed concrete [1] Group 2: Industry Challenges and Responses - The cement industry is facing challenges such as overcapacity, weak demand, and cost pressures, leading to a decline in net profits for many companies [2] - Tianshan Co. is leveraging its supply chain advantages to optimize operations, reduce costs, and innovate, which includes a detailed action plan for cost savings and efficiency improvements [2] Group 3: Digital Transformation and Innovation - The company is enhancing its operational efficiency through digitalization, implementing full-process digital management in factories, and optimizing supply chain efficiency via its e-commerce platform "Jucaitong" [5][2] - The sales volume of special and specialized cement increased significantly, with special cement sales reaching 2.513 million tons and specialized cement sales at 15.061 million tons, marking a year-on-year growth of 19.76% [5] Group 4: Green Transition and Carbon Management - Tianshan Co. is actively pursuing a green low-carbon transition, with initiatives such as peak carbon and carbon neutrality goals integrated into its operational framework [3][6] - The company has established a carbon management platform and is focusing on energy transition, product innovation, and carbon capture technologies to prepare for national carbon trading [6] Group 5: Future Outlook - The cement industry is expected to gradually recover, with signs of bottoming out observed in the latter half of the previous year, and a reduction in price wars as major raw material prices decline [6][7] - Tianshan Co. aims to enhance its resilience and competitive advantage through cost reduction, optimization, and digital transformation strategies, while focusing on low-carbon development and high-end manufacturing [7]