China Tianrui Group Cement Co. Ltd. has announced its audited financial results for the year ended December 31, 2024. The company's revenue for the year was reported at RMB 6.117 billion, a decrease from RMB 7.889 billion in 2023. This decline was primarily attributed to reduced sales in cement and limestone aggregate. The Group's cost of sales decreased significantly to RMB 4.770 billion from RMB 6.259 billion the previous year, mainly due to lower purchase prices of coal and raw materials. Gross profit for the year was RMB 1.347 billion, down from RMB 1.629 billion in 2023. Despite the challenging market conditions, including a downturn in China's real estate market and intensified competition, the Group turned losses into gains compared to the previous year. This improvement was partly due to stabilization and recovery of cement prices in the latter half of the year. The company also reported a total equity of RMB 15.976 billion as of December 31, 2024, with equity attributable to owners of the company at RMB 15.737 billion. Total liabilities stood at RMB 21.240 billion, with current liabilities making up RMB 18.925 billion of this amount. Looking forward, the company did not provide specific guidance but noted the impact of continued market adjustments and competition on its operations. The Group remains focused on leveraging its economies of scale and centralized procurement to manage costs effectively.