智通财经APP讯，山水水泥(00691)发布截至2025年6月30日止六个月业绩，营业收入55.54亿元(人民 币，下同)，同比下降15.4%;股东应占亏损2.50亿元，同比收窄52.8%;每股基本亏损0.06元。 于报告期间，集团亏损净额同比减少，主要由于本期水泥价格同比上升，且生产、销售、管理及财务等 各项费用皆有不同程度下降所致。 期内，营业收入减少主要由于本期受市场需求疲弱，水泥销量下降幅度大于销价提升幅度所致。 ...

Core Viewpoint - The company reported a decline in revenue and a reduced net loss, indicating challenges in the cement market due to weak demand and pricing dynamics [1] Financial Performance - Revenue for the six months ending June 30, 2025, was 5.554 billion RMB, a year-on-year decrease of 15.4% [1] - The loss attributable to shareholders was 250 million RMB, which represents a year-on-year reduction of 52.8% [1] - Basic loss per share was 0.06 RMB [1] Market Dynamics - The decrease in revenue was primarily due to weak market demand, with cement sales volume declining more than the increase in selling prices [1] - The reduction in net loss was mainly attributed to a year-on-year increase in cement prices and a decrease in various expenses related to production, sales, management, and finance [1]

Core Viewpoint - The company reported a decline in revenue and a reduced loss for the first half of 2025 compared to the same period last year, indicating challenges in the market demand for cement [1] Financial Performance - The company's revenue for the first half of 2025 is approximately RMB 5.55 billion, a decrease of 15.4% compared to the same period last year [1] - The loss attributable to shareholders for the first half of 2025 is approximately RMB 250 million, an improvement from a loss of RMB 530 million in the same period last year [1] - The basic loss per share for the first half of 2025 is RMB 0.06 [1] Sales Composition - Cement and clinker sales accounted for 92.5% of total revenue in the first half of 2025, up from 91.1% in 2024 [1] - Ready-mixed concrete sales contributed 3.4% to total revenue in the first half of 2025, down from 5.3% in 2024 [1] Market Conditions - The decrease in revenue is primarily attributed to weak market demand, with a decline in cement sales volume exceeding the increase in selling prices [1]

截 至2025年6月30日止六個月之中期業績公告 摘 要 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引致的任何 虧 損 承 擔 任 何 責 任。 – 2 – 簡明綜合損益及其他綜合收益表 截 至2025年6月30日 止 六 個 月－未 經 審 核 中 國 山 水 水 泥 集 團 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 公 佈 本 公 司 及 其 附 屬 公 司（「本集團」）截 至2025年6月30日 止 六 個 月（「報告期」）的 綜 合 業 績 及2024年 同 期 可 比 較 期 間 未 經 審 核 的 財 務 數 據。本 集 團 截 至2025年6月30日止六個月的未經 審 核 的 簡 明 綜 合 財 務 報 表 已 獲 董 事 會 轄 下 審 核 委 員 會（「審核委員會」）審 閱 及 董 ...

Group 1 - Cement stocks are generally active, with increases of nearly 10%, 5%, 4%, and over 3% reported [1] - The establishment of Xinjiang-Tibet Railway Co., with a registered capital of 95 billion RMB, is expected to significantly boost cement demand in Xinjiang and Tibet regions, estimating a demand of about 40 million tons over 8 years [2] - The average cement price in the national market remains stable, with slight regional variations, indicating a challenging environment for cement companies due to high coal prices and low demand [3] Group 2 - Specific cement companies have shown notable price increases, such as Shanshui Cement (+9.88%) and China Tianrui Cement (+5.36%), reflecting positive market sentiment [2] - The average shipment rate for major cement companies is around 44%, indicating ongoing low demand in the market [3] - Companies in regions like the Yangtze River Delta and Hubei are discussing staggered production plans to alleviate operational pressures, which may lead to a potential price recovery [3]

Group 1 - The article provides an overview of the investment activities of Hong Kong-listed companies on August 11, 2025, including new stock activities, earnings announcements, shareholder meetings, and dividend distributions [1] Group 2 - New stock activities include companies such as ZhiNuo Pharmaceutical-B (currently in the IPO process) and Zhonghui Biotechnology-B (listing date) [1] - Earnings announcements are scheduled for companies like Baosheng International, Yuanyuan Group, and Kang Shifu Holdings among others [1] - Shareholder meetings will be held for companies including Huatai Textile, Shandong Gold, and Sichuan Chengyu Expressway [1] - Dividend distributions are noted for companies like Jianbei Miao Miao and Kangnait Optical, with specific ex-dividend and payment dates mentioned [1]

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling over 200 points, closing below 25,000 points, and the Hang Seng Technology Index dropping by 1.56% [1] - Major technology stocks saw a broad decline, with Alibaba down 2.4% and JD.com down 1.44% [2] Sector Performance - The semiconductor sector faced significant losses, with SMIC dropping over 8%, marking the worst performance in the sector [4] - Gaming stocks also fell sharply, with Wynn Macau down over 7% and MGM China down over 6% [6] - The paper industry saw declines, with Chenming Paper down over 8% [7] - Innovative drug stocks continued to decline, with Hutchison China MediTech down over 15% and Zai Lab down over 10% [8] Positive Performances - Gold stocks led gains in the metals sector, with Zhaojin Mining and Lingbao Gold both rising over 3% [3][10] - Heavy machinery stocks showed resilience, with Zhonglian Heavy Industry rising nearly 6% [3] - Cement stocks performed well, with Shanshui Cement up over 6% [9] - Wind power stocks also saw increases, with Goldwind Technology rising over 10% [11] Capital Flows - Southbound funds recorded a net inflow of 6.271 billion HKD, with the Shanghai-Hong Kong Stock Connect contributing 3.28 billion HKD and the Shenzhen-Hong Kong Stock Connect contributing 2.992 billion HKD [12] Future Outlook - Huatai Securities suggests that the recent pullback in the Hong Kong market is due to adjustments in expectations, but the medium-term liquidity remains accommodative. They recommend focusing on sectors with improving conditions and low valuations, particularly in technology [13]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國山水水泥集團有限公司 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00691 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.01 USD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 USD | | | 100,000,000 | 本月底法 ...

Group 1 - The company, Shanshui Cement (00691.HK), announced that its board of directors will hold a meeting on August 11, 2025, to consider and approve the group's interim results for the six months ending June 30, 2025 [1] - The board will also discuss the distribution of an interim dividend, if any, along with other matters [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 董事會會議召開日期 香 港，2025年7月30日 於 本 公 告 日 期，董 事 會 成 員 包 括 三 名 執 行 董 事，即 滕 永 軍 先 生、吳 玲 綾 女 士 及 鄭 瑩 瑩 女 士；以 及 三 名 獨 立 非 執 行 董 事，即 張 銘 政 先 生、李 建 偉 先 生 及 許 祐 淵 先 生。 中 國 山 水 水 泥 集 團 有 限 公 司（「本公司」）及 其 附 屬 公 司（「本集團」）董 事 會（「董 事 會」）茲 通 告 謹 定 於2025年8月11日（星 期 一）舉 行 董 事 會 會 議，以 考 慮 及 通過本集團截至2025年6月30日 止 的 六 個 月 中 期 業 績，及 派 發 中 期 股 息（如 有），以 及 處 理 其 他 事 項。 承董事會命 中國山水水泥集團有限公司 主 席 滕永軍 – 1 – ...