（於開曼群島註冊成立的有限公司） （股份代號：1252） 董事名單及其角色與職能 中國天瑞集團水泥有限公司董事（各為一名「董事」）會（「董事會」）的成員載列如下。 執行董事 李鳳孌女士 丁基峰先生 李江銘先生 金明杰先生 非執行董事 李留法先生 （主席） 獨立非執行董事 薪酬委員會 孔祥忠先生 （主席） 金明杰先生 提名委員會 孔祥忠先生 （主席） 李鳳孌女士 麥天生先生 中國，河南省，汝州市，二零二五年六月二十日 1 孔祥忠先生 麥天生先生 本公司設有三個董事委員會。各董事會成員於該等委員會出任的成員資料載列如下。 審核委員會 麥天生先生 （主席） 孔祥忠先生 ...

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，概不就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損失承擔任何責任。 CHINA TIANRUI GROUP CEMENT COMPANY LIMITED 中國天瑞集團水泥有限公司 （於開曼群島註冊成立的有限公司) (股份代號: 1252) 公告 承董事會命 中國天瑞集團水泥有限公司 主席 李留法 香港，二零二五年六月二十日 於本公告日期，董事會成員包括執行董事，李鳳孌女士、丁基峰先生、李江銘先生及金明杰先 生；主席兼非執行董事，李留法先生；以及獨立非執行董事，孔祥忠先生及麥天生先生。 - 1 - 提名委員會組成變更及委任薪酬委員會主席 中國天瑞集團水泥股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會（「董事會」）宣佈，非執行董事李留法先生（「李先生」）不再擔任董事會提名委 員會（「提名委員會」）成員，而執行董事李鳳孌女士（「李女士」）獲委任為提名委員會成 員，以代替李先生，全部自二零二五年六月二十日起生效。提名委員會由三名成員組成，即孔 祥忠 ...

定義 | 本公司 | 指 China Tianrui Group Cement Company Limited | | --- | --- | | | （中國天瑞集團水泥有限公司） | | 董事會 | 指本公司的董事會 | | 本委員會 | 指本公司董事會提名委員會 | | 董事 | 指本公司董事 | | 聯交所 | 指香港聯合交易所有限公司 | | 獨立非執行董事 | 指滿足《上市規則》要求的獨立非執行董事 | | 《上市規則》 | 指香港聯合交易所有限公司《證券上市規則》（不時修訂） | | 高級管理人員 | 指按《上市規則》及其它適用法律被董事會視為高級管理人員 | | | 的人員 | 《中國天瑞集團水泥有限公司提名委員會職責範圍及程式》 1 成立提名委員會的目的 (於開曼群島成立的有限責任公司) 董事會於2011年12月12日採納通過 於2025年6月20日修訂 1. 本委員會成員須由董事會委任，且委員會必須由不少於三名成員組成，而大部分的 成員須為獨立非執行董事，且至少有一名不同性别的董事，本委員會設主席一人。 如出現贊成票與反對票數目相同的情況,本委員會主席應有額外的或具決定性的一 票。 2. 本 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 6,117,025 thousand, a decrease of 22.5% compared to RMB 7,888,810 thousand in 2023[2] - Gross profit for the same period was RMB 1,346,599 thousand, down 17.3% from RMB 1,629,323 thousand in the previous year[4] - The company reported a net profit of RMB 214,215 thousand, a significant recovery from a net loss of RMB 623,524 thousand in 2023[4] - Basic and diluted earnings per share for 2024 were RMB 0.10, compared to a loss per share of RMB 0.22 in 2023[4] - Total revenue for the group in 2024 was RMB 6,117,025 thousand, down from RMB 7,888,810 thousand in 2023, indicating a decrease of about 22.4%[14] - The company achieved a profit attributable to shareholders of approximately RMB 279.4 million in 2024, compared to a loss of RMB 633.9 million in 2023[25] - Revenue from cement sales was approximately RMB 4,367.1 million, down RMB 1,720.2 million or 28.3%, with cement sales volume decreasing from approximately 25.2 million tons in 2023 to about 18.6 million tons in 2024, a reduction of 26.2%[36] Assets and Liabilities - Total assets decreased to RMB 37,215,106 thousand from RMB 40,573,494 thousand, reflecting a decline of 8.8%[2] - Total liabilities also decreased to RMB 21,239,599 thousand from RMB 24,787,427 thousand, a reduction of 14.2%[2] - The company's equity attributable to owners increased to RMB 15,736,988 thousand from RMB 15,466,436 thousand, showing a growth of 1.8%[6] - The company's current assets decreased to RMB 25,884,057 thousand from RMB 27,326,926 thousand, a decline of 5.3%[5] - The company's borrowings decreased to approximately RMB 13,799.0 million, down RMB 4,779.6 million or 25.7% compared to 2023[53] - Cash and cash equivalents decreased by RMB 259.7 million or 22.1% to approximately RMB 915.1 million, primarily due to the net cash impact from operating, investing, and financing activities[52] Income and Expenses - Other income surged to RMB 1,886,596 thousand, a substantial increase from RMB 396,574 thousand in 2023[4] - Financial expenses decreased to RMB 922,872 thousand in 2024 from RMB 1,152,053 thousand in 2023, a reduction of about 20%[17] - Distribution and selling expenses decreased to approximately RMB 148.0 million, down RMB 91.7 million or 38.3% compared to 2023, primarily due to reduced transportation costs[42] - Administrative expenses were approximately RMB 759.4 million, a decrease of RMB 146.2 million or 16.1% compared to 2023, mainly due to cost-saving measures[43] - EBITDA for 2024 was RMB 2,258.0 million, an increase of RMB 781.5 million or 52.9% compared to 2023, primarily due to reduced costs and expenses[40] Market and Sales - Cement sales volume in 2024 was approximately 18.6 million tons, a decrease of about 6.6 million tons or 26.2% compared to 25.2 million tons in 2023[24] - The average price of cement in 2024 was approximately RMB 234.9 per ton, a decrease of RMB 6.6 or 2.8% compared to the previous year[24] - Limestone aggregate sales volume in 2024 was approximately 37.1 million tons, a decrease of about 6.5 million tons or 14.8% compared to 43.6 million tons in 2023[24] Future Outlook and Strategy - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming fiscal year[7] - The company aims to enhance operational efficiency and reduce costs through refined management across all operational segments[75] - The company plans to expand its profitable product lines, including high-grade low-alkali cement and prefabricated construction materials[75] - The cement demand in 2025 is expected to decline by approximately 5% compared to 2024, although the rate of decline is slowing due to extraordinary counter-cyclical policy adjustments[74] Corporate Governance and Compliance - The company has not complied with several corporate governance regulations, including the requirement for independent non-executive directors on the board[87] - The audit committee, consisting of two independent non-executive directors, has reviewed the group's financial reporting and risk management processes for the year ending December 31, 2024[90] - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2024[80] Employee and Operational Metrics - The number of employees decreased to 5,469 in 2024 from 6,892 in 2023, with employee costs around RMB 457.6 million compared to RMB 562.3 million in 2023[69] - The company has 21 smart factories and is committed to digital transformation to improve production efficiency and reduce costs[77] - The company has increased its high-tech enterprises to 19 and achieved significant technological advancements, including ultra-low emissions and high-temperature fans[77] Legal and Financial Risks - The company has overdue borrowings of approximately RMB 457.4 million and other financial liabilities of approximately RMB 246.7 million, indicating significant uncertainty regarding its ability to continue as a going concern[84] - Management has implemented measures to alleviate liquidity pressure, including negotiating loan extensions and utilizing unutilized bank credit lines[85] - The company has noted that adjustments to the financial statements could significantly impact its financial position and performance for the years ending December 31, 2024, and December 31, 2023[83]

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 6,117,025 thousand, a decrease of 22.5% compared to RMB 7,888,810 thousand in 2023[2] - Gross profit for the same period was RMB 1,346,599 thousand, down 17.3% from RMB 1,629,323 thousand in 2023[4] - The company reported a net profit of RMB 214,215 thousand for 2024, a significant recovery from a loss of RMB 623,524 thousand in 2023[4] - Basic and diluted earnings per share for 2024 were RMB 0.10, compared to a loss per share of RMB 0.22 in 2023[4] - Total revenue for the group in 2024 was RMB 6,117,025 thousand, down from RMB 7,888,810 thousand in 2023, indicating a decrease of about 22.4%[14] - Revenue from cement sales decreased to RMB 4,367,095 thousand in 2024 from RMB 6,087,333 thousand in 2023, representing a decline of approximately 28.2%[12] - The net profit attributable to the company's owners was RMB 279.4 million in 2024, compared to a loss of RMB 633.9 million in 2023[25] - Cement sales volume in 2024 was approximately 18.6 million tons, a decrease of about 6.6 million tons or 26.2% from 25.2 million tons in 2023[24] - The average price of cement in 2024 was RMB 234.9 per ton, down RMB 6.6 or 2.8% from the previous year[24] Assets and Liabilities - Total assets decreased to RMB 37,215,106 thousand in 2024 from RMB 40,573,494 thousand in 2023, a decline of 8.8%[2] - Total liabilities also decreased to RMB 21,239,599 thousand in 2024 from RMB 24,787,427 thousand in 2023, a reduction of 14.1%[2] - The company's equity attributable to owners increased to RMB 15,736,988 thousand in 2024 from RMB 15,466,436 thousand in 2023, an increase of 1.8%[6] - The company's borrowings decreased to approximately RMB 13,799.0 million, down RMB 4,779.6 million or 25.7% from 2023[53] - The group's debt-to-asset ratio for 2024 is approximately 57.1%, a decrease of 4.0 percentage points from 61.1% as of December 31, 2023[56] - The net gearing ratio for 2024 is approximately 67.2%, down by 12.2 percentage points from 79.3% in 2023[58] Income and Expenses - Other income surged to RMB 1,886,596 thousand in 2024, compared to RMB 396,574 thousand in 2023, reflecting a growth of 375.5%[4] - Financial expenses decreased to RMB 922,872 thousand in 2024 from RMB 1,152,053 thousand in 2023, reflecting a reduction in interest expenses on borrowings[17] - Distribution and selling expenses decreased to approximately RMB 148.0 million, down RMB 91.7 million or 38.3% from 2023, primarily due to reduced transportation costs[42] - Administrative expenses were approximately RMB 759.4 million, a decrease of RMB 146.2 million or 16.1% from 2023, mainly due to cost-saving measures[43] - EBITDA for 2024 was RMB 2,258.0 million, an increase of RMB 781.5 million or 52.9% compared to 2023, primarily due to reduced costs and expenses[40] Operational Strategy - The company plans to continue focusing on the manufacturing and sales of cement, clinker, and limestone aggregates as part of its core business strategy[7] - The company aims to enhance operational efficiency and reduce costs through refined management practices, while expanding profitable product lines such as low-alkali cement and prefabricated buildings[75] - The group has established 21 smart factories and is committed to digital transformation to improve production efficiency and reduce energy consumption[77] Market Conditions - The cement demand is expected to decline by approximately 5% in 2025 compared to 2024, although the rate of decline is slowing due to extraordinary counter-cyclical policy adjustments[74] - The average price of cement in the national market fell by 2.6% year-on-year in 2024, with a complex trend of "weak in the first half, gradually recovering in the second half" observed[30] - The cement industry is expected to generate profits of approximately RMB 25 billion in 2024, representing a year-on-year decline of about 20%, but with a significantly narrowed decline[31] Corporate Governance - The company has not complied with several corporate governance regulations, including the requirement for independent non-executive directors on the board[87] - The company is actively seeking a new CEO after the resignation of the previous CEO in December 2015, and an executive committee has been established to manage daily operations[86] - The audit committee, consisting of two independent non-executive directors, has reviewed the group's financial reporting and risk management for the year ending December 31, 2024[90] Future Outlook - The group is currently evaluating the expected impact of the newly issued accounting standards, particularly IFRS 18, on future financial statements[10] - The company anticipates that the profitability of its coal trading business may not meet expectations due to stable coal prices, leading to a decision to suspend coal trading operations in October 2024[81] Employee and Community Engagement - The number of employees decreased to 5,469 in 2024 from 6,892 in 2023, with employee costs around RMB 457.6 million compared to RMB 562.3 million in 2023[69] - The company is focused on maintaining brand integrity and contributing to local economies, receiving accolades for its contributions to tax and community development[78] Auditor's Report - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2024[80] - The independent auditor has confirmed that the figures in the draft consolidated financial statements for 2024 are consistent with the reported amounts, but no assurance or conclusion has been provided[95]

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，概不就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損失承擔任何責任。 ( 於開曼群島註冊成立的有限公司 ) (股份代號：1252) 更新董事會召開日期 及 繼續暫停買賣 茲提述中國天瑞集團水泥有限公司（「本公司」）於二零二五年三月三十一日、二零二 五年四月二十九日、二零二五年五月三十日及二零二五年六月九日刊發的公告（「該等 公告」），內容有關（其中包括）延遲刊發截至二零二四年十二月三十一日止年度的全 年業績、董事會召開日期及本公司股份自二零二五年四月一日上午九時正起暫停在香 港聯合交易所有限公司（「聯交所」）買賣。除另有界定者外，本公告內以黒體字界定 之詞彙與該等公告所界定者具有相同涵義。 更新董事會召開日期 繼續暫停買賣 本公司股份已於二零二五年四月一日上午九時正起於聯交所暫停買賣，並將繼續暫停 買賣直至本公司刊發二零二四全年業績。 本公司股東及潛在投資者於買賣本公司證券時務請審慎行事。 承董事會命 中國天瑞集團水泥有限公司 主席 李留法 香港，二零二五年六月十一日 於 ...

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，概不就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損失承擔任何責任。 ( 於開曼群島註冊成立的有限公司 ) 繼續暫停買賣 本公司股份已於二零二五年四月一日上午九時正起於聯交所暫停買賣，並將繼續暫停 買賣直至本公司刊發二零二四全年業績。 本公司股東及潛在投資者於買賣本公司證券時務請審慎行事。 (股份代號：1252) 董事會召開日期 及 繼續暫停買賣 茲提述中國天瑞集團水泥有限公司（「本公司」）於二零二五年三月三十一日、二零二 五年四月二十九日及二零二五年五月三十日刊發的公告（「該等公告」），內容有關（其 中包括）延遲刊發截至二零二四年十二月三十一日止年度的全年業績及本公司股份自 二零二五年四月一日上午九時正起暫停在香港聯合交易所有限公司（「聯交所」）買 賣。除另有界定者外，本公告內以黒體字界定之詞彙與該等公告所界定者具有相同涵 義。 董事會召開日期 本公司董事（「董事」）會（「董事會」）謹此宣佈，董事會將於二零二五年六月十九日 （星期四）舉行會議，旨在（其中包括）考慮及（如 ...

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，並明確表示概不就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損失承擔任何責任。 （股份代號：1252） （於開曼群島註冊成立的有限公司） 持續關連交易： 於二零二五年六月六日，天瑞水泥與瑞平石龍就天瑞水泥向瑞平石龍銷售原煤訂 立二零二五年瑞平石龍原煤供應框架協議。本公司已決定開展原煤銷售的新業 務，因此，訂約方訂立二零二五年瑞平石龍原煤供應框架協議。 二零二五年汝州煤焦化原煤供應框架協議 於二零二五年六月六日，天瑞水泥與汝州煤焦化就天瑞水泥向汝州煤焦化銷售原 煤訂立二零二五年汝州煤焦化原煤供應框架協議。 – 1 – (1)二零二五年瑞平石龍熟料採購框架協議 (2)二零二五年瑞平石龍原煤供應框架協議 (3)二零二五年汝州煤焦化原煤供應框架協議 上市規則的涵義 由於李先生及李女士在瑞平石龍股東大會上間接控制逾30%的投票權，瑞平石龍 為李先生及李女士的聯繫人，故亦是本公司的關連人士。因此，二零二五年瑞平 石龍熟料採購框架協議及二零二五年瑞平石龍原煤供應框架協議項下交易將根據 上市規則第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，概不就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損失承擔任何責任。 CHINA TIANRUI GROUP CEMENT COMPANY LIMITED 中國天瑞集團水泥有限公司 (於開曼群島註冊成立的有限公司) (股份代號：1252) 內幕消息 （1）進一步延遲刊發截至二零二四年十二月三十一日止年度的全年業績 及延遲寄發二零二四年年報； 及 （2）繼續暫停買賣 本公告乃由中國天瑞集團水泥有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據香港法例第 571 章證券及期貨條例第 XIVA 部項下內幕消息條文及香港聯合交易所 有限公司（「「聯交所」）證券上市規則（「上市規則」）第 13.09 條而作出。 茲提述本公司日期分別為二零二五年三月三十一日及二零二五年四月二十九日的公告 （「該等公告」）。除另有界定者外，本公告所用的詞彙與該等公告所界定者具有相同涵 義。 進一步延遲刊發二零二四全年業績及延遲寄發二零二四年年報 李留法 香港，二零二五年五月三十日 1 根據本公 ...

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，概不就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損失承擔任何責任。 (於開曼群島註冊成立的有限公司) (股份代號：1252) 補充公告 延遲刊發二零二四全年業績； 及繼續暫停買賣 本公告乃由中國天瑞集團水泥有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據香港法例第 571 章證券及期貨條例第 XIVA 部項下內幕消息條文及香港聯合交易所 有限公司（「「聯交所」）證券上市規則（「上市規則」）第 13.09 條而作出。 茲提述本公司日期為二零二五年三月三十一日內容有關於（其中包括）延遲刊發二零 二四全年業績公告及本公司股份自二零二五年四月一日上午九時正起於聯交所暫停買 賣的公告（「該公告」）。除另有界定者外，本補充公告所用的詞彙與該公告所界定者具 有相同涵義。 延遲刊發二零二四全年業績的原因 本公司特此提供有關延遲刊發二零二四全年業績的原因的補充資料，如下所述。 本公司正積極協助核數師（「核數師」）收集資料及文件，以完成其有關二零二四全年 業績的審核工作，包括但不 ...