TSC(000877) Sou Hu Cai Jing·2025-04-27 08:49Group 1 - The core viewpoint of the article highlights the financial performance of Tianshan Materials Co., Ltd. in the first quarter of 2025, showing a significant decline in cement clinker sales but an increase in net profit compared to the same period last year [1][3]. - In Q1 2025, the company sold 37.7 million tons of cement clinker, 13.89 million cubic meters of ready-mixed concrete, and 20.46 million tons of aggregates, with a notable 15.38% decrease in cement clinker sales compared to the previous year [1]. - The company's revenue for Q1 2025 was 14.947 billion yuan, representing an 8.64% decrease year-on-year, while the net cash flow from operating activities fell by 56.39% [3]. Group 2 - Tianshan Materials reported a net profit of -1.494 billion yuan for Q1 2025, which is a 22.33% increase compared to the same period last year, marking the first instance of revenue decline coupled with profit increase in four years [3]. - The company’s main business includes the manufacturing and sales of cement, ready-mixed concrete, and aggregates, with cement revenue accounting for over 60% of total revenue [3]. - As of the end of the reporting period, Tianshan Materials had an aggregate production capacity of 230 million tons, with a production volume of 174 million tons and sales exceeding 130 million tons, generating approximately 4.756 billion yuan in sales revenue with a gross margin of 37.21% [3].