Group 1 - The core viewpoint of the article highlights the positive performance of the cement sector in Hong Kong, particularly driven by the strong results from China National Building Material [1] - China National Building Material reported a revenue of 83.28 billion yuan for the six months ending June 30, 2025, representing a slight decrease of 0.2% year-on-year [1] - The company achieved a net profit attributable to shareholders of 1.36 billion yuan, marking a turnaround from a loss in the previous period [1] Group 2 - The national cement production in the first half of 2025 reached 815 million tons, the lowest level for the same period since 2010, with a year-on-year decline of 4.3%, although the decline was narrower by 5.7 percentage points compared to the same period in 2024 [1] - The industry is actively promoting ecological construction, leading to a recovery in cement prices, alongside a decrease in coal and carbon costs, which has contributed to ongoing profit recovery [1] - The total profit of the cement industry for the first half of 2025 was 16.4 billion yuan, indicating a return to profitability compared to the same period in 2024 [1]

2025年上半年，全国水泥产量8.15亿吨，为2010年以来同期最低水平，同比下降4.3%，降幅较2024年同 期收窄5.7个百分点。但行业积极推动生态建设，水泥价格恢复性增长，叠加煤炭成本下降，行业盈利 持续修复，2025年上半年水泥行业利润总额人民币164亿元，较2024年同期实现扭亏为盈。(格隆汇) | 代码 | 名称 | 最新价 | 涨跌幅 ▽ | | --- | --- | --- | --- | | 03323 | 中国建材 | 5.790 | 8.43% | | 00695 | 东吴水泥 | 5.540 | 3.75% | | 00914 | 海螺水泥 | 24.560 | 2.68% | | 01252 | 中国天瑞水泥 | 0.485 | 2.11% | | 01313 | 华润建材科技 | 1.870 | 1.63% | | ૦୧୧૨૨ | 华新水泥 | 13.270 | 0.91% | 港股建材水泥股盘初走高，其中，中国建材绩后一度大涨超12%表现抢眼，东吴水泥涨近4%，海螺水 泥涨近3%，中国天瑞水泥涨超2%，华润建材科技、华新水泥跟涨。 消息上，中国建材发布截至2025年6月30日止 ...

Group 1 - China National Building Material (03323.HK) opened over 5% higher [1]

Group 1 - The core viewpoint of the article highlights that China National Building Material (03323) opened over 5% higher after reporting a turnaround in profitability, with a net profit of 1.36 billion RMB for the first half of 2025 [1] - The company's revenue for the six months ending June 30, 2025, was 83.28 billion RMB, reflecting a slight decrease of 0.2% year-on-year [1] - The earnings per share for the company stood at 0.172 RMB, indicating a recovery from previous losses [1] Group 2 - The national cement production in the first half of 2025 was 815 million tons, marking the lowest level for the same period since 2010, with a year-on-year decline of 4.3% [1] - The decline in cement production was less severe compared to the 5.7 percentage points drop from the same period in 2024 [1] - The cement industry is experiencing a recovery in profitability, with total profits reaching 16.4 billion RMB in the first half of 2025, marking a return to profitability compared to the same period in 2024 [1]

Group 1 - The core viewpoint of the article highlights that China National Building Material (03323) experienced a significant stock price increase of over 5% following the release of its interim results for the six months ending June 30, 2025 [1] - The company reported a revenue of RMB 83.28 billion, reflecting a slight year-on-year decline of 0.2% [1] - Shareholder profit reached RMB 1.36 billion, marking a turnaround from a loss to profit compared to the previous year [1] - Earnings per share were reported at RMB 0.172 [1] Group 2 - In the first half of 2025, the national cement production was 815 million tons, the lowest level for the same period since 2010, with a year-on-year decrease of 4.3%, although the decline was 5.7 percentage points less than in the same period of 2024 [1] - The industry is actively promoting ecological construction, leading to a recovery in cement prices, alongside a decrease in coal costs, which has contributed to ongoing profit recovery in the sector [1] - The total profit of the cement industry for the first half of 2025 was RMB 16.4 billion, indicating a return to profitability compared to the same period in 2024 [1]

Core Viewpoint - China National Building Material (03323.HK) reported a slight decline in revenue for the first half of 2025, but showed a significant turnaround in profit compared to the previous year [1] Financial Performance - The audited revenue for the first half of 2025 was approximately RMB 83.28 billion, a decrease of 0.2% compared to RMB 83.52 billion in the same period of 2024 [1] - The unaudited profit attributable to equity holders was approximately RMB 1.36 billion, contrasting with a loss of RMB 2.018 billion in the same period of 2024 [1] - Basic earnings per share were RMB 0.172, compared to a basic loss per share of RMB 0.239 in the same period of 2024 [1] Dividend Policy - The board of directors recommended not to declare an interim dividend for this period [1]

Core Points - China National Building Material (CNBM) reported its mid-year performance for 2025, showing a revenue of approximately RMB 83.28 billion, which represents a slight decline of 0.2% compared to the same period in 2024 [1] - The group's unaudited profit attributable to equity holders was approximately RMB 1.36 billion, a significant recovery from a loss of approximately RMB 2.018 billion in the same period of 2024 [1]

Group 1 - The core viewpoint of the article highlights that China National Building Material (03323) reported a slight decline in revenue but achieved a turnaround in profit for the first half of 2025 [1] Group 2 - The company's revenue for the six months ending June 30, 2025, was RMB 83.28 billion, a year-on-year decrease of 0.2% [1] - Shareholders' profit attributable to the company was RMB 1.36 billion, marking a return to profitability compared to the previous year [1] - Earnings per share stood at RMB 0.172 [1] Group 3 - National cement production in the first half of 2025 reached 815 million tons, the lowest level for the same period since 2010, with a year-on-year decline of 4.3%, although the decline was 5.7 percentage points less than in the same period of 2024 [1] - The industry is actively promoting ecological construction, leading to a recovery in cement prices, alongside a decrease in coal costs, which has contributed to ongoing profit recovery [1] - The total profit for the cement industry in the first half of 2025 was RMB 16.4 billion, representing a turnaround from losses compared to the same period in 2024 [1]

中 國 建 材 股 份 有 限 公 司 （股份代號：03323） 中期報告 僅供識別 本報告採用環保紙打印製造。 202 5 中期報 告 目 錄 中報速覽 .................................................................. 2 公司資料 .................................................................. 4 本集團股權架構 ............................................................... 7 財務數據摘要 ................................................................... 8 業務數據摘要 ................................................................... 9 管理層討論與分析 ...................................................... ...

Group 1 - The core viewpoint of the article highlights that China National Building Material (03323) reported a slight decline in revenue but achieved a turnaround in profit for the first half of 2025 [1] - The company's revenue for the six months ending June 30, 2025, was RMB 83.28 billion, representing a year-on-year decrease of 0.2% [1] - The net profit attributable to shareholders was RMB 1.36 billion, marking a return to profitability compared to the previous year [1] - Earnings per share stood at RMB 0.172 [1] Group 2 - National cement production in China reached 815 million tons in the first half of 2025, the lowest level for the same period since 2010, with a year-on-year decline of 4.3% [1] - The decline in cement production was less severe than the 5.7 percentage point drop observed in the same period of 2024 [1] - The industry is actively promoting ecological construction, leading to a recovery in cement prices and a decrease in coal costs, which contributed to ongoing profit recovery [1] - The total profit for the cement industry in the first half of 2025 was RMB 16.4 billion, indicating a return to profitability compared to the same period in 2024 [1]