Shanshui Cement (00691) announced its 2025 annual results, revealing an operating revenue of approximately RMB 11.561 billion, which represents a decrease of 20.3% compared to the 2024 fiscal year. The net loss attributable to the company's shareholders was about RMB 983 million, marking a significant increase of approximately 599.11% year-on-year. The basic loss per share was RMB 0.23. As of December 31, 2025, the group's cement production capacity stood at 96.55 million tons, with clinker capacity at 51.43 million tons and commercial concrete capacity at 18.11 million cubic meters. During the reporting period, the group's combined sales of cement and clinker totaled 42.968 million tons, a decrease of 17.0% compared to the previous year. Sales of commercial concrete reached 1.695 million cubic meters, down by 25.4% year-on-year. The company stated that the decline in revenue was primarily due to a 14.9% year-on-year decrease in cement sales volume and a 4.7% drop in average selling prices. The increased loss was mainly attributable to weak market demand for cement, leading to lower prices and volumes, a decline in operating gross profit, and increased impairment losses on fixed assets such as plant and equipment related to idled enterprises or production lines. The full-year loss widened by RMB 902 million compared to the same period last year.