Tianshan Material (000877)
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Tianshan Material (000877) News
Tianshan Co., Ltd. (000877): Cement industry continues to bottom out
Tianshan Co., Ltd. released its Q1 2026 earnings report, with revenue of 12.334 billion yuan (yoy -17.48%) and a net loss attributable to shareholders of 1.495 billion yuan (yoy +0.08%). We believe that the company, as
Tianshan Shares: First Quarter Report for 2026
SDIC Securities: Tight Supply-Demand Dynamics in Fiberglass Drive Price Increases; Overseas Cement Expansion Shows Promising Growth
Driven by rising prices of crude oil and chemical raw materials, increased demand in certain high-growth sub-sectors, and heightened corporate profitability goals, the building materials industry has initiated price hikes across multiple categories, including roving, electronic cloth, and cement—covering cyclical construction material products. The supply-side price war appears to have ended, with the industry’s competitive landscape gradually improving and prospects for profitability recovery looking favorable.
Tianshan Co., Ltd. (000877): Impairment provisions lead to significant losses, with a lighter burden anticipated in 2026.
The company disclosed its 2025 annual report: operating revenue was approximately RMB 74.496 billion, a year-on-year decrease of 14.4%; net profit attributable to the parent company incurred a loss of approximately RMB 7.291 billion, with the magnitude of the loss significantly widening. The ongoing weakening in demand has been noted.
Tianshan Co., Ltd. (000877): Large impairment drags down 2025 performance recovery
The company achieved a total revenue of 74.496 billion yuan in the fiscal year 2025 (a year-on-year decrease of 14.40%) and reported a net loss attributable to shareholders of 7.291 billion yuan (compared to a net loss of 717 million yuan in the same period of 2024), which is close to the previously announced estimated loss range of 6 to 7 billion yuan.
Express News | Tianshan Co., Ltd.: Cement prices expected to exhibit a trend of starting low and ending high, with an upward shift in the fluctuation center by 2026.