Financial Performance - Revenue for the reporting period was CNY 22,584,738,660, a decrease of 32.89% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 1,872,817,793, down 15.13% year-on-year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,694,170,382, a decrease of 15.38% compared to the previous year[3] - Basic earnings per share for the reporting period were CNY 0.35, down 14.77% year-on-year[3] - Diluted earnings per share for the reporting period were also CNY 0.35, reflecting a 14.77% decrease compared to the same period last year[3] - The weighted average return on equity was 1.01%, a decrease of 0.19 percentage points year-on-year[3] - Total operating revenue for the first three quarters of 2024 was RMB 68,150,360,320, a decrease from RMB 99,156,676,146 in the same period of 2023, representing a decline of approximately 31.3%[18] - Total operating costs for the first three quarters of 2024 were RMB 62,279,305,371, down from RMB 89,103,325,967 in 2023, indicating a reduction of about 30.1%[18] - Research and development expenses for the first three quarters of 2024 amounted to RMB 865,016,686, compared to RMB 1,311,043,595 in 2023, reflecting a decrease of approximately 34.1%[18] - Investment income for the first three quarters of 2024 was RMB 274,239,116, down from RMB 584,643,028 in 2023, indicating a decline of about 53.2%[18] - The net profit for the current period is CNY 5,245,020,339, a decrease of 42.5% compared to CNY 9,072,670,219 in the same period last year[19] - The total comprehensive income for the current period is CNY 5,293,830,027, down from CNY 8,324,820,064 year-over-year[20] - Operating profit for the current period is CNY 6,391,071,515, a decline of 41.5% from CNY 10,974,071,158 in the previous year[19] - The company reported a decrease in sales revenue from CNY 80,814,773,640 in the current period compared to CNY 113,568,072,927 in the same period last year[21] - The company’s total profit for the current period is CNY 6,802,401,181, down from CNY 11,435,421,165 year-over-year, reflecting a decline of 40.5%[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 252,090,916,161, an increase of 2.33% from the previous year-end[4] - Total assets increased to RMB 252,090,916,161 in 2024 from RMB 246,356,360,411 in 2023, marking an increase of approximately 2.99%[16] - Total liabilities rose to RMB 54,103,961,187 in 2024, compared to RMB 48,335,063,593 in 2023, representing an increase of about 11.5%[15] - Current liabilities totaled RMB 28,553,447,583 in 2024, a decrease from RMB 29,774,313,174 in 2023, reflecting a decline of approximately 4.1%[15] - Non-current liabilities increased significantly to RMB 25,550,513,604 in 2024 from RMB 18,560,750,419 in 2023, indicating a rise of about 37.6%[15] - The total equity attributable to shareholders was RMB 185,498,574,472 in 2024, slightly up from RMB 185,389,128,400 in 2023, showing a marginal increase of approximately 0.06%[16] Cash Flow - The company reported a net cash flow from operating activities of CNY 10,347,782,944, an increase of 7.15% compared to the previous year[3] - Cash inflow from operating activities is CNY 81,794,422,886, compared to CNY 114,740,576,193 in the same period last year, representing a decrease of 28.7%[21] - Net cash flow from operating activities was 10,347,782,944, an increase from 9,656,985,995 in the previous period, reflecting a growth of approximately 7.1%[22] - Cash inflow from investment activities totaled 20,160,109,120, down from 31,818,556,499, indicating a decrease of about 36.5%[22] - Net cash flow from financing activities was 2,810,214,014, a significant improvement compared to a negative cash flow of -2,431,485,454 in the previous period[22] - The total cash and cash equivalents at the end of the period reached 17,942,538,963, up from 12,864,254,741, representing an increase of approximately 39.5%[22] - Cash paid for operating activities amounted to 71,446,639,942, a decrease from 105,083,590,198, reflecting a reduction of about 32.0%[22] - Cash outflow from investment activities was 26,927,195,741, down from 42,568,064,190, indicating a decrease of approximately 36.8%[22] - Cash received from financing activities was 19,089,638,741, an increase from 14,525,288,101, showing a growth of about 31.5%[22] - The company reported a net increase in cash and cash equivalents of 6,370,522,941, contrasting with a decrease of -3,457,701,929 in the previous period[22] - Cash paid for taxes increased to 7,224,742,789 from 6,834,075,090, reflecting an increase of approximately 5.7%[22] - Cash received from other financing activities was 11,513,784,300, significantly higher than 195,000,000 in the previous period, indicating a substantial increase[22] Shareholder Information - As of the end of the reporting period, the total number of common shareholders is 253,137, with the top ten shareholders holding 36.40% and 24.49% of shares respectively[9] - Anhui Conch Group Co., Ltd. holds 1,928,870,014 shares, accounting for 36.40% of total shares, while Hong Kong Central Clearing Limited holds 1,297,949,590 shares, accounting for 24.49%[10] - The company’s repurchased shares account for 0.42% of the total issued share capital, totaling 22,242,535 shares[10] - The top ten shareholders do not have any related relationships or act in concert according to the board of directors[10] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities during the reporting period[12] - The company has not indicated any significant changes in operational conditions that require investor attention during the reporting period[12] Non-Recurring Items - Non-recurring gains and losses totaled CNY 178,647,411 for the reporting period[6] - The company recorded a net loss from asset disposal of CNY 9,474,610, contrasting with a gain of CNY 39,599,807 in the previous year[19] - Other comprehensive income after tax for the current period is CNY 48,809,688, compared to a loss of CNY 747,850,155 in the same period last year[19] - The company acquired Anhui Conch Information Technology Engineering Co., Ltd. in January 2024, necessitating restatement of prior financial statements[5]

Financial Performance - The company's operating revenue for Q3 2024 was CNY 22,584,738,660, a decrease of 32.89% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was CNY 1,872,817,793, down 15.13% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,694,170,382, a decrease of 15.38% compared to the previous year[3]. - The basic earnings per share for the year-to-date period was CNY 0.35, reflecting a decline of 39.81% compared to the same period last year[3]. - The company reported a significant decrease in net profit attributable to shareholders for the year-to-date period, down 40.05% compared to the same period last year[8]. - Total operating revenue for the first three quarters of 2024 was CNY 68.15 billion, a decrease of 31.3% compared to CNY 99.16 billion in the same period of 2023[17]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 5.20 billion, a decline of 40.1% from CNY 8.67 billion in 2023[18]. - The company's comprehensive income for the first three quarters of 2024 was CNY 5.29 billion, compared to CNY 8.32 billion in the same period of 2023, reflecting a decrease of 36.4%[19]. - Basic earnings per share for the first three quarters of 2024 were CNY 0.99, down from CNY 1.64 in 2023[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 252,090,916,161, an increase of 2.33% from the end of the previous year[4]. - The total current assets reached ¥105,244,967,169, compared to ¥101,232,721,726 at the end of 2023, indicating an increase of about 4%[14]. - The company's inventory decreased to ¥8,901,003,430 from ¥10,155,441,636, reflecting a decline of approximately 12.4%[14]. - The total assets of the company as of September 30, 2024, were ¥252,090,916,161, up from ¥246,356,360,411 at the end of 2023, marking an increase of around 2.3%[14]. - The company's long-term equity investments stood at ¥7,824,017,749, slightly up from ¥7,765,191,948, showing a growth of about 0.76%[14]. - The company's total liabilities increased to CNY 54.10 billion in Q3 2024, up from CNY 48.34 billion in Q3 2023, representing an increase of 11.5%[16]. - The company's long-term borrowings decreased to CNY 11.08 billion in Q3 2024 from CNY 15.61 billion in Q3 2023, a reduction of 29.2%[16]. - The company's total liabilities were not explicitly stated, but the increase in current liabilities suggests a strategic focus on managing short-term financial obligations[14]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 10,347,782,944, showing an increase of 7.15% compared to the previous year[3]. - In the first three quarters of 2024, the cash inflow from operating activities was CNY 81.79 billion, a decrease of 28.7% compared to CNY 114.74 billion in the same period of 2023[21]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 10.35 billion, an increase of 7.1% from CNY 9.66 billion in the same period of 2023[21]. - The cash outflow from investing activities in the first three quarters of 2024 was CNY 26.93 billion, down 36.8% from CNY 42.57 billion in the same period of 2023[21]. - The net cash flow from investing activities was -CNY 6.77 billion in the first three quarters of 2024, an improvement from -CNY 10.75 billion in the same period of 2023[21]. - The cash inflow from financing activities was CNY 11.51 billion in the first three quarters of 2024, compared to CNY 19.09 billion in the same period of 2023[22]. - The net cash flow from financing activities was CNY 2.81 billion in the first three quarters of 2024, a significant recovery from -CNY 2.43 billion in the same period of 2023[22]. - The total cash and cash equivalents at the end of the third quarter of 2024 reached CNY 17.94 billion, an increase from CNY 12.86 billion at the end of the same period in 2023[22]. Operational Highlights - The company completed the acquisition of Anhui Conch Information Technology Engineering Co., Ltd. in January 2024, which required restating prior financial statements[5]. - Non-recurring gains and losses for the reporting period totaled CNY 178,647,411, with significant contributions from government subsidies and investment management gains[6]. - The weighted average return on equity decreased by 1.91 percentage points compared to the previous year, indicating a decline in profitability[3]. - The company reported a significant reduction in research and development expenses, which were not detailed in the current report but were previously CNY 1.31 billion in 2023[17]. - The company did not report any significant changes in shareholder structure or major new strategies during the reporting period[12]. - There were no new product launches or technological advancements mentioned in the report, indicating a potential area for future growth[12]. - The cash outflow for purchasing goods and services was CNY 55.26 billion in the first three quarters of 2024, a decrease of 38.4% from CNY 89.76 billion in the same period of 2023[21].

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。 安徽海螺水泥股份有限公司 ANHUI CONCH CEMENT COMPANY LIMITED （在中華人民共和國註冊成立之股份有限公司） （股份代號：00914） 更改 H 股股份過戶登記處 安徽海螺水泥股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈， 自二零二四年十一月一日起，本公司之 H 股股份過戶登記處將更改為： 香港中央證券登記有限公司 香港灣仔皇后大道東 183 號 傳真號碼：(852) 2865 0990 由二零二四年十一月一日起，本公司的 H 股股份過戶登記手續將由香港中央證券登記 有限公司辦理。於二零二四年十月三十一日下午四時三十分後仍未領取之本公司 H 股 股票，可於二零二四年十一月一日起到香港中央證券登記有限公司領取。 承董事會命 安徽海螺水泥股份有限公司 聯席公司秘書 虞水 中國安徽省蕪湖市 合和中心 17 樓 1712-1716 號舖 電話號碼：(852) ...

股票简称：海螺水泥 股票代码：600585 公告编号：临 2024-35 安徽海螺水泥股份有限公司 Anhui Conch Cement Company Limited 关于担保实施进展的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 被担保人名称：杭州富阳海中环保科技有限责任公司（以下简称"富阳海中 环保"），为安徽海螺水泥股份有限公司（以下简称"本公司"）附属公司。 ● 担保金额及已实际为其提供的担保余额：本次由本公司附属公司安徽海中环 保有限责任公司（以下简称"安徽海中环保"）为富阳海中环保提供担保，担保金 额为人民币 550 万元。截至本公告披露日，除本次担保外，本公司附属公司向富阳 海中环保提供的担保余额为 4,225 万元。 ● 担保是否有反担保：无 1 ● 担保逾期情况：无 ● 特别风险提示：无 一、担保情况概述 近日，富阳海中环保与兴业银行股份有限公司杭州富阳支行（以下简称"兴业 银行杭州富阳分行"）签订了借款金额为人民币 1,000 万元的借款合同，借款期限为 1 年。同时，安徽海中 ...

安徽海螺水泥股份有限公司 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。 安徽海螺水泥股份有限公司 聯席公司秘書 虞水 中華人民共和國安徽省蕪湖市 二零二四年十月十六日 截至此公告日，本公司董事會成員包括（ i ）執行董事楊軍先生、朱勝利先生、李群 峰先生、吳鐵軍先生及虞水先生；（ ii ）獨立非執行董事屈文洲先生、何淑懿女士 及張雲燕女士。 ANHUI CONCH CEMENT COMPANY LIMITED （在中華人民共和國註冊成立之股份有限公司） （股份代號：00914） 董事會會議通告 安徽海螺水泥股份有限公司（「本公司」）之董事（「董事」）會（「董事會」） 謹此宣佈於二零二四年十月二十九日（星期二）就以下目的舉行董事會會議： 1. 審議及批准截至二零二四年九月三十日止九個月本公司及其附屬公司（「本集 團」）未經審核之業績； 承董事會命 2. 審議及批准根據香港聯合交易所有限公司證券上市規則刊載截至二零二四年九月 三十日止九個月本集團未經審 ...

安徽海螺水泥股份有限公司 Anhui Conch Cement Company Limited 证券代码：600585 证券简称：海螺水泥 公告编号：临 2024-34 - 1 - | 联席主承销商 | 中国工商银行股份有限公司、徽商银行股份有限公司、交通银行股份有限 | | --- | --- | | | 公司、浙商银行股份有限公司、兴业银行股份有限公司、渤海银行股份有 | | | 限公司、上海浦东发展银行股份有限公司、中国民生银行股份有限公司 | | 名称 | 安徽海螺水泥股份有限公司 24 海螺水泥 简称 | | | | --- | --- | --- | --- | | | 2024 年度第四期中期票据 MTN004 | | | | 代码 | 102484128 期限 5 年 | | | | 起息日 | 2024 年 月 18 兑付日 2029 年 9 月 18 日 | 9 | 日 | | 计划发行总额 | 35 亿元 实际发行总额 35 亿元 | | | | 发行利率 | 2.10% 发行价格 100 元/百元面值 | | | | 簿记管理人 | 兴业银行股份有限公司 | | | | 主承销商 | ...

Financial Performance - Anhui Conch Cement reported a revenue of RMB 50 billion for the first half of 2024, representing a year-on-year increase of 12%[1]. - The company's net profit for the same period reached RMB 10 billion, up 15% compared to the previous year[1]. - Operating revenue for the first half of 2024 was CNY 45,565,622, down 30.44% from CNY 65,503,714 in the same period of 2023[9]. - Net profit attributable to shareholders for the first half of 2024 was CNY 3,325,646, a decline of 48.56% compared to CNY 6,465,392 in the first half of 2023[9]. - Basic earnings per share for the first half of 2024 were CNY 0.63, down 48.35% from CNY 1.22 in the same period of 2023[9]. - The company's main product, 42.5-grade cement, generated revenue of CNY 23.686 billion, a decrease of 22.76% year-on-year[19]. - Main business revenue was 34.05 billion yuan, down 22.12% year-on-year, while operating profit fell by 51.51% to 4.03 billion yuan[25]. - The company reported a total comprehensive income of RMB 3,622,336 thousand, which includes other comprehensive income adjustments[155]. Market Expansion and Strategy - The company expects a revenue growth of 10-15% for the full year 2024, driven by increased demand in the construction sector[1]. - Anhui Conch Cement plans to expand its market presence in Southeast Asia, targeting a 5% market share by 2025[1]. - The company is exploring potential acquisitions of smaller cement producers to enhance its production capacity and market reach[1]. - The company aims to expand its overseas business and explore diversified development models to enhance operational quality in international projects[41]. - The company is advancing its international development strategy, with projects in Uzbekistan and Cambodia progressing steadily[17]. - The outlook for the second half of 2024 indicates a potential increase in cement demand driven by government infrastructure projects and policies aimed at stabilizing the real estate market[40]. Research and Development - The company has committed to increasing its R&D budget by 20% to accelerate innovation in sustainable materials[1]. - R&D expenses decreased by 29.24% year-on-year, primarily due to reduced investment in smart production industrialization projects[28]. - Research and development expenses for the first half of 2024 were RMB 519,216 thousand, down from RMB 733,748 thousand in the same period of 2023[142]. - The company actively promoted innovation and was awarded the second prize of the National Science and Technology Progress Award for a project related to high-speed rail materials[17]. Environmental Responsibility - Anhui Conch Cement aims to achieve a 30% reduction in carbon emissions by 2030 as part of its long-term sustainability strategy[1]. - The company is focusing on green low-carbon development and has made significant investments in safety and environmental protection[15]. - The company is committed to social responsibility and environmental sustainability in its operations[67]. - The company is focused on reducing emissions and improving environmental performance across its various cement plants[67]. - The company is committed to reducing its overall carbon footprint by implementing advanced emission control technologies[75]. Financial Position and Liabilities - Total assets as of June 30, 2024, were CNY 243,734,511, a decrease of 1.06% compared to the end of 2023[8]. - Total liabilities as of June 30, 2024, were CNY 47,580,120, a decrease of 1.68% compared to CNY 48,393,428 at the end of 2023[11]. - The debt-to-asset ratio was 19.50%, a decrease of 0.12 percentage points compared to the end of the previous year[30]. - The company's equity attributable to shareholders decreased to RMB 183,503,672 thousand from RMB 185,337,581 thousand, reflecting a decline of about 1.0%[149]. Cash Flow and Investments - Net cash flow from operating activities for the first half of 2024 was CNY 6,870,679, an increase of 35.75% compared to CNY 5,061,236 in the first half of 2023[9]. - Cash and cash equivalents amounted to CNY 67.84 billion, a slight decrease of 0.80% from CNY 68.38 billion at the end of the previous year[30]. - The company reported a total cash and cash equivalents balance of RMB 13,858,506 thousand as of June 30, 2024, compared to RMB 14,358,672 thousand at the same time in 2023[157]. - The company has invested RMB 500 thousand in subsidiaries without losing control, indicating strategic growth initiatives[155]. Shareholder Information - The total number of shares remained unchanged at 5,299,302,579, with 3,999,702,579 A shares (75.48%) and 1,299,600,000 H shares (24.52%)[117]. - The largest shareholder, 海螺集團, held 1,928,870,014 shares, representing 36.40% of the total shares[120]. - The company distributed a cash dividend of 0.96 CNY per share, totaling 5,065,977,642.24 CNY (including tax) to shareholders as of May 30, 2024[57]. - The board of directors recommended not to distribute any interim dividends for 2024 and will not implement capital reserve conversion into share capital[58]. Compliance and Governance - The company has adhered to all corporate governance codes as stipulated by the stock exchange during the reporting period[134]. - The company confirmed compliance with the standards of the Code of Conduct regarding securities transactions by all directors during the reporting period[134]. - The company has maintained compliance with all legal obligations and has no significant overdue debts[114].

证券代码：600585 证券简称：海螺水泥 公告编号：临 2024-33 安徽海螺水泥股份有限公司 Anhui Conch Cement Company Limited 关于召开 2024 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议问题征集：投资者可于 2024 年 9 月 6 日（星期五）至 9 月 12 日（星期 四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dms@chinaconch.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 安徽海螺水泥股份有限公司（以下简称"公司"）已于 2024 年 8 月 27 日收市 后在上海证券交易所（以下简称"上交所"）网站发布公司 2024 年半年度报告，在 香港联合交易所有限公司及本公司网站发布 2024 年半年度业绩公告。为便于广大投 资者更加全面深入地了解公司 2024 年半年度经营成果、财务状况，公司计划于 2024 年 9 月 13 日下午 15:00-16:30 ...

[Table_Title] 评级：买入（维持） 市场价格：20.72 元 分析师：孙颖 执业证书编号：S0740519070002 Email：sunying@zts.com.cn 分析师：刘铭政 执业证书编号：S0740524070003 Email：liumz01@zts.com.cn 盈利韧性显现，供给端已开始优化 海螺水泥（600585.SH）/建筑 材料 证券研究报告/公司点评 2024 年 9 月 3 日 [Table_Industry] | --- | --- | --- | --- | --- | --- | |-----------------------------------------------|---------|---------|------------------------------------------|---------|---------| | [Table_Finance] 公司盈利预测及估值 \n指标 | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业收入（百万元） | 132,022 | 140,999 | 132, ...

Investment Rating - The report assigns a "Neutral" investment rating for the company, indicating an expected stock performance relative to the benchmark index within a range of -10% to 10% over the next six months [9]. Core Views - The demand in the industry remains under pressure, but profitability is expected to stabilize in the second half of the year [4]. - The company reported a significant decline in revenue and net profit for the first half of 2024, with revenue at 45.566 billion yuan, down 30.44% year-on-year, and net profit at 3.326 billion yuan, down 48.56% year-on-year [5]. - The company's cement and clinker sales volume for the first half of 2024 was 12.6 million tons, a decrease of 3.35% year-on-year, which is better than the industry average decline of 10% [6]. Financial Performance Summary - The company’s revenue for 2023 is projected at 141 billion yuan, with a significant drop to 102.4 billion yuan in 2024, representing a year-on-year decrease of 27.4% [7]. - The net profit attributable to the parent company is expected to decline from 10.43 billion yuan in 2023 to 7.88 billion yuan in 2024, a decrease of 24.4% [7]. - The earnings per share (EPS) is projected to be 1.97 yuan in 2023, dropping to 1.49 yuan in 2024 [8]. Cost and Margin Analysis - The cost of cement clinker for the first half of 2024 was 188 yuan per ton, down 16.03% year-on-year, primarily due to falling coal prices [6]. - The gross margin for the first half of 2024 is estimated at 52 yuan per ton, down 29% year-on-year, reflecting the impact of reduced industry demand [6]. Market Outlook - The report anticipates ongoing supply-demand imbalances in the industry, with a focus on normalizing staggered production to prevent excessive competition [6]. - Long-term expectations include the introduction of carbon emission policies in the cement industry, which may lead to stricter capacity replacement regulations [6].