China National Building Material: Tianshan Shares reported a net loss attributable to shareholders of 1.18 billion yuan in the first three quarters, a year-on-year decrease of 68.5%

According to the Zhitong Finance APP, China National Building Material announced that its subsidiary Tianshan Co., Ltd. achieved operating revenue of RMB 54.938 billion for the nine months ending September 30, 2025, a year-on-year decrease of 10.64%; the net loss attributable to Tianshan Material shareholders was RMB 1.18 billion, a year-on-year narrowing of 68.5%; the basic loss per share was RMB 0.1660

TSM today conducted a block trade at a discount, with 9.3926 million shares traded and a transaction amount of 57.9525 million yuan

On October 22nd, TSM had a block trade of 9.3926 million shares, with a transaction amount of 57.9525 million yuan, accounting for 13.18% of the total transaction amount that day. The transaction price was 6.17 yuan, a discount of 4.49% compared to the market closing price of 6.46 yuan

A-share cement concept stocks collectively declined, with the cement sector falling by 2.31%. Tianshan Co., Ltd. dropped by more than 5%, while Qingsong Jianhua, West Construction, and Xizang Tianlu fell by over 3%

Tianshan Co., Ltd. has been approved to register 15 billion yuan in ultra-short-term financing bonds

According to the Zhitong Finance APP, TSM announced that the company has received the "Acceptance Registration Notice" from the National Association of Financial Market Institutional Investors, agreeing to accept the company's ultra-short-term financing bond registration. The registration amount for the company's ultra-short-term financing bonds is 15 billion yuan, and the registration quota is valid for 2 years from the date of the notice

Dongfang Securities: The New Tibet Railway has far-reaching impacts, and regional cement investment opportunities are promising

Dongfang Securities released a research report stating that the construction of the New Tibet Railway will have a profound impact on regional construction demand, continuously supporting the consumption of cement and other building materials. Although the market is cautious about short-term investment opportunities, in the long term, railway construction will stimulate regional economic vitality and drive cement demand. It is expected that cement prices will rise, enhancing corporate profits. It is recommended to pay attention to cement companies with production capacity layouts in Xinjiang, such as QSCC, TSM, and CONCH CEMENT