Affected by the property market regulation, the performance of many companies in the building materials industry declined

According to the China Securities Journal, the slowdown in macroeconomic growth and the regulation of the real estate market have not only put pressure on the performance of listed companies in the real estate industry, but also affected the building materials industry closely related to real estate. A number of building materials industry and related companies released interim reports on the 7th, affected by the regulation of the real estate industry. These companies generally reflected the market downturn, lower prices, and a year-on-year decline in performance. ST Qinling's net profit loss for the first half of this year was 2,765,600 yuan. Jiangquan Industrial's net profit for the first half of this year was 11.8457 million yuan, down 184.51% year-on-year. In the first half of the year, Tower Group achieved a net profit of 106 million yuan, a year-on-year decline of 63.35%.

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