此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的持牌證券經紀、註冊證券機構、銀行、 銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下的中國建材股份有限公司的股份全部售出或轉讓，應將本通函送交買主或受讓人或經手買賣或 轉讓的銀行、持牌證券經紀、註冊證券機構或其他代理商，以便轉交買主或受讓人。 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通函的內容概不負責，對其準確性或完整性不發表 任何聲明，並明確表示，概不對因本通函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。 | + | | --- | | 配 | | 建 | | 材 | | 股 | | 份 | | 有 | | 限 | | 公 | | ㅋ | 3323 (1)發行股份的一般授權 (2)回購H股的一般授權 (3)建議發行債務融資工具 (4)建議末期股息分派計劃 (5)股東週年大會通告 (6)H股類別股東會通告 及 (7)內資股類別股東會通告 中國建材股份有限公司謹訂於二零二五年四月二十五日（星期五）下午二時正、下午二時三十分（或緊隨股東週 年大會結束後）及下午三時正（或緊隨H股類別股 ...

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之內容概不負責，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之全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 茲提述中國建材股份有限公司（「本公司」）日期為二零二五年一月二十七日之要約文件， 內容有關（其中包括）要約及清洗豁免（「要約文件」）、日期為二零二五年二月二十八日有 關債券持有人會議的海外監管公告（「海外監管公告」）及日期為二零二五年三月六日有關 債券持有人會議的海外監管公告。除文義另有所指外，本公告所用詞彙與要約文件及海 外監管公告所界定者具有相同涵義。 （ 在 中 華 人 民 共 和 國 註 冊 成 立 的 成 員 責 任 有 限 的 股 份 有 限 公 司 ） 海外監管公告 債券持有人會議通知 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 本公司已就要約進行了海外監管公告中所述的債券持有人會議及╱或適 用 程 序。 因 此， 本 公 司 於 二 零 二 五 年 四 月 一 日 於 上 海 證 券 交 易 所 網 站 （http://www.sse.com.cn/discl ...

3月24日至28日，郑商所主办的央企金融衍生业务培训班（第7期）在国务院国资委下属事业单位中国大 连经理学院举办，来自中石化、中建材、中粮集团等10余家中央企业，以及厦门国贸、物产中大、广东 天禾等10家地方国企的50余名业务骨干齐聚一堂，系统学习了金融衍生品业务监管政策、期货市场法治 化建设及风险防控实践等课程。据期货日报记者了解，该培训既是国务院国资委推动中央企业规范参与 金融衍生品市场的重要举措，也是期货市场持续深化服务国家战略、助力实体经济稳健发展的重要实 践。 监管体系升级 护航央企风险管理 近年来，随着全球大宗商品价格波动加剧，我国实体企业面临的市场风险敞口不断扩大。央企、国企作 为国民经济的重要支柱，其风险管理能力直接影响产业链供应链的稳定性。在此背景下，国务院国资委 自2020年起密集出台政策文件，构建覆盖业务准入、风险管控、合规操作的金融衍生业务监管框架。 培训首日，国务院国资委相关负责人系统梳理了我国金融衍生业务监管理念的演进历程，重点宣贯了 2020年《关于切实加强金融衍生业务管理有关事项的通知》（国资发财评规〔2020〕8号，下称8号文） 和2021年《关于进一步加强金融衍生业务管理有 ...

Investment Rating - The investment rating for the company is maintained as "Buy" with a target price of HKD 4.79 [8][9]. Core Views - The company reported a revenue of RMB 181.3 billion for 2024, a decrease of 13.8% year-on-year, and a net profit attributable to shareholders of RMB 2.39 billion, down 38.2% year-on-year. The decline in revenue is primarily due to the imbalance in supply and demand in the cement sector, although the new materials and engineering services segments continue to show growth momentum [1]. - The cement segment faced pressure with a total sales volume of 245 million tons in 2024, down 20.7% year-on-year, and an average price of RMB 250.6 per ton, down 7.7% year-on-year. However, since May 2024, there has been a positive trend in price recovery, with an estimated gross profit per ton of RMB 46, reflecting an increase of 8.0% quarter-on-quarter and 48.8% year-on-year [2]. - The new materials segment saw a mixed performance with sales increases in fiberglass, wind turbine blades, and lithium battery separators, while prices decreased significantly. The overall gross margin for this segment was 21.7%, down 3.2 percentage points year-on-year. Price recovery is expected to continue into 2025, improving profitability [3]. - The engineering segment showed stable performance with revenue of RMB 46.1 billion, a year-on-year increase of 0.7%. The international equipment orders have increased, helping to mitigate domestic demand pressures [4]. - The earnings forecast for 2025 has been adjusted upwards, with EPS estimates raised to RMB 0.55 for 2025 and RMB 0.68 for 2026. The target price has been increased by 18% to HKD 4.79, reflecting a 10% discount to the historical average P/E ratio [5]. Summary by Sections Financial Performance - For 2024, the company reported a revenue of RMB 181.3 billion, down 13.8% from 2023, and a net profit of RMB 2.39 billion, down 38.2% year-on-year. The projected revenue for 2025 is RMB 187.85 billion, reflecting a growth of 3.6% [7]. - The EPS for 2024 is projected at RMB 0.28, with a significant increase expected in 2025 to RMB 0.55 [7]. Market Trends - The cement industry is expected to maintain a positive price trend due to ongoing supply-side policies and production adjustments. The average national cement price is projected to decrease by 4.2% quarter-on-quarter but increase by 10.1% year-on-year in Q1 2025 [2]. - The new materials segment is anticipated to improve profitability as price recovery deepens, particularly in fiberglass and gypsum board products [3]. Engineering Services - The engineering and technical services segment reported stable growth, with new orders totaling RMB 63.4 billion, a 3% increase year-on-year. The international market is becoming increasingly important, with overseas orders accounting for 44% of total equipment orders [4].

Financial Performance - Total revenue for 2024 reached RMB 181,301 million, with a net profit attributable to equity holders of RMB 2,387 million[8]. - The company's revenue for 2024 was RMB 181.30 billion, a decrease of 13.8% compared to RMB 210.22 billion in 2023[17]. - Gross profit for 2024 was RMB 32.71 billion, down 12.6% from RMB 37.45 billion in 2023[17]. - Net profit attributable to equity holders was RMB 2.39 billion, a decline of 38.2% from RMB 3.86 billion in the previous year[17]. - The profit attributable to equity holders dropped from RMB 3,863.0 million in 2023 to RMB 2,387.3 million in 2024, a decrease of 38.2%[62]. - Other income increased from RMB 3,454.1 million in 2023 to RMB 5,533.4 million in 2024, an increase of 60.2%[65]. - The sales cost decreased from RMB 172,770.2 million in 2023 to RMB 148,591.4 million in 2024, a decline of 14.0%[64]. Segment Performance - The basic materials segment reported a revenue decline of 23.3%, with revenue of RMB 91,102 million and a loss of RMB 825 million attributable to equity holders[8]. - The new materials segment experienced a revenue increase of 1.9%, generating RMB 48,552 million in revenue but a profit decline of 23.8% to RMB 2,613 million[8]. - The engineering technology services segment saw a revenue growth of 0.8%, with revenue of RMB 45,464 million and a profit decline of 3.1% to RMB 1,407 million[8]. - Revenue from the basic materials segment decreased from RMB 118,800.5 million in 2023 to RMB 91,101.6 million in 2024, a decline of 23.3% due to lower average selling prices and sales volume of cement products[75]. Cash Flow and Debt - The net cash flow from operating activities was RMB 23,196 million, while capital expenditures amounted to RMB 23,501 million[8]. - The net debt ratio stands at 86.6%[8]. - The net debt ratio rose to 86.6% in 2024, up 5.2 percentage points from 81.4% in 2023[18][19]. - The group's net cash inflow from operating activities for 2024 was RMB 23,195.9 million, a decrease of RMB 5,829.0 million compared to RMB 29,024.9 million in 2023[97]. - The group's net cash outflow from investing activities for 2024 was RMB 20,276.7 million, down RMB 7,062.7 million from RMB 27,339.4 million in 2023[98]. - The group's net cash outflow from financing activities for 2024 was RMB 6,569.6 million, an increase of RMB 5,491.5 million compared to RMB 1,078.1 million in 2023[99]. Awards and Recognition - The company received seven major awards in 2024, including recognition for best ESG practices and best board from "Institutional Investor" magazine[6]. - The company ranked 37th in the "Pioneer 100" index for ESG among state-owned enterprises in China[6]. - The company received the Wind ESG AA rating and was selected as one of the "Top 100 ESG Listed Companies in China (2024)" in July 2024[169]. Strategic Initiatives - The company aims to become a world-class materials enterprise focused on value creation and shareholder returns[6]. - The company is actively involved in the development of new technologies and products in the fields of cement, concrete, and glass fiber[6]. - The company is focusing on digitalization, internationalization, and green transformation to enhance competitive advantages[32]. - The company aims to enhance core competitiveness and achieve effective quality improvement and reasonable growth in 2025[28]. - The company is committed to optimizing its layout and improving quality amidst external pressures and internal challenges[32]. Environmental and Social Governance - The company is committed to reducing carbon emissions throughout its operations, focusing on source reduction, process reduction, and end-of-pipe carbon capture[188]. - The company has established a carbon management system and is actively preparing for participation in the national carbon emissions trading market[188]. - The company has implemented a comprehensive environmental protection strategy, including the construction of green factories and mines[187]. - The company replaced 96.81 million tons of standard coal with alternative fuels, contributing to its green transformation efforts[60]. - The nitrogen oxides, sulfur dioxide, and dust emissions decreased by 22.42%, 17.69%, and 32.43% respectively, showcasing improvements in environmental performance[61]. Corporate Governance - The company held 9 board meetings in 2024 to discuss overall strategy, major investments, personnel appointments, and system revisions[108]. - The board of directors consists of five independent non-executive directors, meeting the minimum requirements of the listing rules[116]. - The company has established a set of codes to regulate the securities trading activities of directors and supervisors[107]. - The company has implemented a compliance management and risk management system to strengthen internal controls and adhere to relevant laws and regulations[162]. - The company’s independent non-executive directors receive regular updates on economic, industry, and company information to maintain informed decision-making[152]. Shareholder Information - The company plans to distribute a final dividend of RMB 1,199,697,374.56 (including tax) for the period from January 1, 2024, to December 31, 2024, which translates to RMB 0.158 per share, compared to RMB 0.229 per share in 2023[176]. - The proposed final dividend is subject to approval at the shareholders' annual general meeting on April 25, 2025[178]. - A withholding tax of 10% will be applied to the final dividend for non-resident corporate shareholders listed on the H-share register as of May 12, 2025[178]. - Individual H-share shareholders will have a withholding tax of 20% deducted from their dividends, unless they qualify for lower rates under tax treaties[179].

中國建材股份有限公司 2024 環境、社會及管治（ESG）報告 綠色科技引領新質生產力 卓著品牌推進國際化合作 現代治理推動高品質發展 環境、社會及管治報告 中國建材股份有限公司 股票代碼：03323 材料創造美好世界 目錄 | 關於本報告 | 02 | | --- | --- | | 董事長致辭 | 04 | | ESG報告速覽 | 05 | | 董事會聲明 | 06 | | 關於中國建材股份 | 06 | | 榮譽獎項 | 07 | | 打造可持續發展基礎 | 08 | | ESG績效表 | 77 | | 獨立有限鑒證報告 | 85 | | 索引 | 86 | | 釋義表 | 98 | | 意見回饋 | 99 | 綠色科技引領新質生產力 14 應對氣候變化 15 打造綠色產品 23 融入循環經濟 33 堅持清潔生產 37 守護綠色生態 42 |  | 保障卓越品質，鑄造質量品牌 | 47 | | --- | --- | --- | |  | 關心員工成長，打造僱主品牌 | 54 | |  | 用心回饋社會，塑造責任品牌 | 61 | |  | 責任營銷為本，樹立市場品牌 | 66 | 現代治理推動 ...

EF001 EF001 | | 對於個人H股股東的納稅身份或稅務待遇及因個人H股股東的納稅身份或稅務待遇未能及 | | | | --- | --- | --- | --- | | | 時確定或不準確確定而引致任何申索或對於代扣機制或安排的任何爭議，本公司概不負 | | | | | 責，亦不承擔任何責任。 | | | | | 股東類型 | 稅率 | 有關代預扣所得稅之更多補充 （如適用） | | | 非居民企業 | | | | | （非中國內地登記地址） | 10% | 本公司向所有非居民企業股東（包 | | | | | 括香港中央結算（代理人）有限公 | | | | | 司、其他代理人、受託人或其他團 | | | | | 體及組織，將被視為非居民企業股 | | | | | 東）派發2024年末期股息時，須 | | | | | 預扣10%的企業所得稅。 | | | 非個人居民 | | | | | （非中國內地登記地址） | | 個人H股股東為香港或澳門居民以 | | | | 10% | 及其住所所在國與中國簽訂10%股 | | | | | 息稅率的稅收協定的，或個人H股 | | | | | 股東住所所在國為與中 ...

Financial Performance - The group's audited consolidated revenue for the year ended December 31, 2024, was RMB 181,301 million, a decrease of 13.8% compared to RMB 210,216 million in 2023[3]. - Profit attributable to equity holders for the year was RMB 2,387 million, down 38.2% from RMB 3,863 million in 2023, with basic earnings per share at RMB 0.283, a decline of 38.2% from RMB 0.458[4]. - The group's gross profit for the year was RMB 32,709 million, compared to RMB 37,446 million in 2023, reflecting a decrease in gross margin[4]. - Total comprehensive income for the year was RMB 7,255 million, down from RMB 10,337 million in 2023[5]. - Total revenue for the year ending December 31, 2024, reached RMB 181,300,701 thousand, with external sales contributing RMB 144,687,212 thousand[18]. - The operating profit before interest, tax, depreciation, and amortization (EBITDA) was RMB 28,882,776 thousand, with the cement segment generating RMB 14,860,604 thousand[18]. - The company reported a net profit of RMB 7,413,586 thousand for the year, after tax expenses of RMB 2,079,766 thousand[18]. - The profit before tax for 2024 was RMB 9,493,352,000, a decrease of 24.2% from RMB 12,519,922,000 in 2023[35]. - The net profit margin decreased from 1.8% in 2023 to 1.3% in 2024[93]. - The company reported a net loss of RMB 629 million under expected credit loss model adjustments, contrasting with a gain of RMB 69 million in 2023[4]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 1,199,697,374.56 (including tax) for the year, translating to a dividend of RMB 0.158 per share, down from RMB 0.229 per share in 2023[3]. - The total amount of proposed final dividends for the year 2024 is RMB 1,199,697,374.56, translating to a dividend of RMB 0.158 per share, compared to RMB 0.229 per share in 2023[127]. - A withholding tax of 10% will be applied to non-resident corporate shareholders receiving the final dividend[129]. - Individual H-share shareholders will have a withholding tax of 20% deducted from their dividends[130]. - The final dividend is expected to be distributed to shareholders listed on the register as of May 12, 2025[135]. - The final dividend is anticipated to be paid on or before June 30, 2025[135]. Assets and Liabilities - Non-current assets increased to RMB 349,967 million from RMB 340,394 million in 2023, driven by growth in property, plant, and equipment[6]. - Current liabilities totaled RMB 181,463 million, slightly up from RMB 176,795 million in 2023, with short-term borrowings increasing to RMB 82,129 million[7]. - The net asset value of the company was RMB 194,528 million, compared to RMB 193,514 million in 2023, indicating a stable financial position[7]. - Total assets amounted to RMB 494,007,276 thousand, with segment assets for cement at RMB 229,610,948 thousand[21]. - The company's total assets reached RMB 488.9 billion, with total liabilities amounting to RMB 295.4 billion, resulting in a debt-to-asset ratio of approximately 60.4%[26]. - Total borrowings increased from RMB 184,905.7 million in 2023 to RMB 191,910.5 million in 2024, with a debt-to-asset ratio of 38.8%[108]. Market and Sales Performance - Total sales for the year 2024 amounted to RMB 181,300,701 thousand, a decrease of 13.8% compared to RMB 210,216,434 thousand in 2023[15]. - Sales of cement products were RMB 154,047,628 thousand in 2024, down from RMB 172,646,629 thousand in 2023, reflecting a decline of 10.8%[15]. - Revenue from engineering services decreased to RMB 24,320,519 thousand in 2024 from RMB 35,026,156 thousand in 2023, representing a decline of 30.5%[15]. - Cement sales volume decreased by 22.4% to 216,523 thousand tons in 2024, while the average selling price dropped by 7.2% to RMB 254.7 per ton[43]. - Revenue from the European market increased significantly to RMB 4.15 billion in 2024, up from RMB 2.14 billion in 2023, marking a growth of 93.5%[28]. Operational and Strategic Initiatives - The company continues to focus on market expansion and new product development strategies to enhance future growth prospects[3]. - The company plans to expand its market presence and enhance product offerings, focusing on new materials and technology services[22]. - The company aims to enhance core competitiveness and maintain a balance between short-term stability and long-term benefits in 2025[48]. - The company is focused on international expansion and accelerating overseas investments and localized operations[47]. - The company is committed to achieving high-quality development and aims to become a world-class materials enterprise[49]. - The company is advancing its "dual carbon" initiatives, with the world's first full oxygen combustion coupled carbon capture production line reaching production capacity[53]. - The company has implemented new disclosure requirements regarding supplier financing arrangements to enhance transparency in financial reporting[10]. Research and Development - The company has filed 1,891 new patents, including 742 invention patents, bringing the total to 16,600 effective patents[77]. - The company published its "2023 Technology Innovation White Paper" and "Green Low-Carbon Technology Achievement Promotion Catalog (2024 Edition)"[81]. - The company emphasizes the importance of technological innovation and green development to empower its growth strategy[119]. Employee and Governance - As of December 31, 2024, the group had unused bank credit and registered but unissued bond quotas totaling approximately RMB 393,067.55 million[106]. - The company emphasizes a performance-based compensation policy linked to overall economic performance, ensuring compliance with national and local labor laws[144]. - The board of directors includes both executive and independent non-executive members, ensuring diverse governance[150]. - The company is committed to improving gender diversity in the workforce, aiming for a better balance in gender representation[145]. Acquisitions and Mergers - The acquisition of Societe Les Ciments de Jbel Oust in Tunisia involves a total consideration of approximately $130 million, with a maximum adjusted price of $145 million[136]. - The acquisition aligns with the company's strategic goals and is expected to accelerate international expansion in the cement market along the Belt and Road Initiative[137]. - The company has decided to terminate the proposed merger with Ningxia Building Materials due to prolonged negotiations and changes in the macro and industry environment[139]. - The company continues to advance the proposed transactions that align with its strategic development direction despite the termination of the merger[139].

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。 有關收購嘉寶莉股份之須予披露交易的 最新進展 本公告乃由中國建材股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規 則第14.36B(2)條作出。 茲提述本公司日期為2023年12月29日的公告（「前公告」）及日期為2024年1月8日的公告， 內容有關北新建材收購嘉寶莉標的股份。除文義另有所指外，本公告所用詞彙與前公告 所界定者具有相同涵義。 如果經過計算當期補償金為負值，則超額補償部分予以退還，且退還金額不超過截至當 期期末原始股東累計支付的補償金。 第三期股份收購價格支付 誠如前公告所披露，第三期股份收購價格為股份收購價格的30%，原始股東對應的第三期 股份收購價格將為業績承諾及股份轉讓協議項下的其他或有事項提供保證。第三期股份 收購價格在交接完成後分三年支付，每年支付金額為第三期股份收購價格的三分之一。 業績承諾 誠如前公告所披露，原始股東向北新建材承諾，目標集團在會計年度2024年、 ...

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。 公告 北新建材截至二零二四年十二月三十一日止年度之 主要會計數據和財務指標 中國建材股份有限公司（「本公司」）董事會謹請其股東及公眾投資者留意以下北新集團建 材股份有限公司（「北新建材」）截至二零二四年十二月三十一日止年度之主要會計數據和 財務指標。 北新建材為本公司之附屬公司，其A股於深圳證券交易所上市及買賣（股份代號： 000786）。 - 1 - 北新建材之主要會計數據和財務指標 單位：元 幣種：人民幣 | | | | 2024年比 | | | --- | --- | --- | --- | --- | | | 2024年 | 2023年 | 2023年增減 | 2022年 | | 營業收入 | 25,821,124,419.48 | 22,425,895,636.99 | 15.14% | 20,154,701,058.91 | | 歸屬於北新建材股東的淨利潤 | 3,646,942,470.4 ...