# Construction Materials

Cracks in the Foundation: China’s Cement Giant Tianshan Suffers Record $1 Billion Loss as Property Slump Deepens

Tianshan Co., Ltd., a leading Chinese cement producer, reported a massive 7.29 billion RMB loss for 2025, driven by a 17% decline in property investment and localized price wars. The company's heavy asset impairments signal a structural downturn for China's heavy industry and construction sectors.