NXBM released its 2024 annual performance, with a net profit attributable to the parent company of 241 million yuan, a year-on-year decrease of 18.82%

NXBM released its 2024 annual report, with operating revenue of 8.653 billion yuan, a year-on-year decrease of 16.87%; net profit attributable to the parent company was 241 million yuan, a year-on-year decrease of 18.82%. The net profit excluding non-recurring gains and losses was 173 million yuan, a year-on-year decrease of 31.28%. The basic earnings per share were 0.5 yuan, and it is proposed to distribute a cash dividend of 2.10 yuan for every 10 shares. Cement sales were 9.675 million tons, a year-on-year decrease of 20.29%. Affected by weak market demand and intense competition, profit margins have been significantly compressed