Xizang Tianlu (600326.SH) : Net profit reduction of 88.50%-92.33% in 2021

2022-05-25 0 By

Glonhui February 4 | Xizang Tianlu (600326.SH) announced the 2021 annual performance pre-reduction announcement, the company is expected to realize the annual net profit attributable to shareholders of listed companies in 2021 is 33.50 million yuan to 50.25 million yuan, is expected to reduce 386.5 million yuan to 403 million yuan,Year-on-year decrease 88.50% to 92.33%.The company expects that the net profit excluding non-recurring gains and losses attributable to shareholders of listed companies in 2021 will be 26.30 million yuan to 430 million yuan, which is expected to decrease by 377 million yuan to 393.8 million yuan, a year-on-year decrease of 89.75% to 93.74%.During the reporting period, the net profit attributable to shareholders of listed companies to reduce year-on-year, mainly due to the new cement production line put into production of Tibet, the Tibet region cement supply increases, the demand decreases, cement prices fell, and not yet started construction, key projects within Tibet autonomous region has projects construction progress is slow, lead to building materials sector caused by lower profits.