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Shangfeng Cement: Net profit of 31.9063 million yuan in the first quarter of 2026, down 60.08% year-on-year
Shangfeng Cement Announcement, the operating revenue in the first quarter of 2026 was 721 million yuan, a year-on-year decrease of 24.17%. Net profit was 31.9063 million yuan, a year-on-year decrease of 60.08%. In the first quarter, the demand for cement in the company’s regional market continued to be under pressure. Compared to the same period last year, sales volume and prices in January to February were both under pressure, while market demand rebounded in March, but price increases were slow; at the same time, one of the main regions affecting the company’s cement building materials business performance, the Northwest region, was in winter break during the first quarter.