China Shanshui Cement (Shanshui Cement) reported FY 2025 revenue of CNY 11.6 billion, down 20.3%. The group posted a loss from operations of CNY 517.5 million and a loss attributable to equity shareholders of CNY 983.0 million, with basic loss per share of CNY 0.23. Finance costs were CNY 181.6 million. By product, FY 2025 revenue included cement sales of CNY 9.5 billion, clinker sales of CNY 1.0 billion, concrete sales of CNY 425.3 million, and other products and services of CNY 585.8 million. The company said it does not recommend a final dividend for FY 2025. Shanshui Cement flagged going-concern material uncertainties, citing FY 2025 net current liabilities of CNY 2.0 billion and total interest-bearing bank loans of CNY 5.3 billion, including CNY 4.5 billion due within 12 months, alongside a pending winding-up petition in the Cayman Islands. Management said it plans to negotiate bank loan renewals, implement cost controls, and continue handling outstanding litigation with external and internal legal counsel.

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