Core Viewpoint - Huaxin Cement (06655) has seen a stock price increase of over 5%, currently trading at HKD 18.85, with a transaction volume of HKD 68.11 million. The company reported a revenue of RMB 25.033 billion for the first three quarters of 2025, reflecting a year-on-year growth of 1.27%, and a net profit attributable to shareholders of RMB 2.004 billion, which is a significant increase of 76.01% [1][1][1] Financial Performance - For the first three quarters of 2025, the company achieved a revenue of RMB 25.033 billion, marking a year-on-year increase of 1.27% [1] - The net profit attributable to shareholders reached RMB 2.004 billion, showing a substantial year-on-year growth of 76.01% [1] - Basic earnings per share were reported at RMB 0.97 [1] Operational Highlights - In Q3, the company experienced a quarter-on-quarter revenue growth of 1.1%, attributed mainly to contributions from overseas operations [1] - The acquisition of Haori's Nigerian assets was completed on August 29, and is expected to contribute additional revenue starting in September [1] - As of mid-2025, the company has established production bases in 12 overseas countries, with an overseas cement grinding capacity of 24.7 million tons per year [1] Capacity Expansion - Following the consolidation of Nigerian operations, the total cement capacity is expected to reach 35.3 million tons [1] - The company has approximately 1.55 million tons per year of clinker production capacity under construction, with a new clinker cement production line in Malawi successfully ignited on September 28, producing 2,000 tons per day [1] - The overseas competitiveness of the company is further strengthened through these expansions [1]

Core Viewpoint - Huanxin Cement (06655) has seen a stock price increase of over 5%, currently trading at 18.85 HKD, with a transaction volume of 68.11 million HKD. The company reported a revenue of 25.033 billion RMB for the first three quarters of 2025, reflecting a year-on-year growth of 1.27%, and a net profit attributable to shareholders of 2.004 billion RMB, which is a significant increase of 76.01% [1][1][1] Financial Performance - For the first three quarters of 2025, Huanxin Cement achieved a revenue of 25.033 billion RMB, marking a year-on-year increase of 1.27% [1] - The net profit attributable to shareholders reached 2.004 billion RMB, representing a year-on-year growth of 76.01% [1] - Basic earnings per share stood at 0.97 RMB [1] Operational Highlights - In Q3, the company's revenue increased by 1.1% quarter-on-quarter, attributed mainly to contributions from overseas operations [1] - The acquisition of the Holcim Nigeria assets was completed on August 29, with expectations of contributing additional revenue starting in September [1] - As of mid-2025, the company has established production bases in 12 overseas countries, with a total cement grinding capacity of 24.7 million tons per year [1] Capacity Expansion - Following the consolidation of Nigeria's operations, the total cement capacity is expected to reach 35.3 million tons [1] - The company has approximately 1.55 million tons per year of clinker capacity under construction, including a successful ignition of a 2,000 tons per day clinker cement production line project in Malawi on September 28 [1] - The overseas competitiveness of Huanxin Cement is further strengthened through these expansions [1]

Core Viewpoint - Huanxin Building Materials experienced a stock price decline of 2.00% on November 6, with a current price of 22.50 CNY per share and a market capitalization of 46.77 billion CNY, despite a year-to-date increase of 93.30% in stock price [1] Financial Performance - For the period from January to September 2025, Huanxin Building Materials reported a revenue of 25.033 billion CNY, reflecting a year-on-year growth of 1.27%, while the net profit attributable to shareholders was 2.004 billion CNY, showing a significant increase of 76.01% [2] - Cumulative cash dividends since the A-share listing amount to 13.594 billion CNY, with 3.127 billion CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Huanxin Building Materials was 42,600, a decrease of 6.81% from the previous period [2] - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 62.0928 million shares, an increase of 5.1895 million shares from the previous period [3] Stock Market Activity - The stock has seen significant trading activity, with a net outflow of 120,000 CNY in main funds on November 6, and notable trading volumes in the past 60 days, with a 46.10% increase in stock price [1]

Group 1 - The cement sector experienced a rise of 0.72% on November 5, with Huaxin Cement leading the gains [1] - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] - Key stocks in the cement sector showed varied performance, with Huaxin Cement closing at 22.96, up 4.65%, and Hanjian Heshan at 6.38, up 4.42% [1] Group 2 - The cement sector saw a net outflow of 78.1552 million yuan from institutional funds, while retail investors contributed a net inflow of 34.165 million yuan [2] - The trading volume and turnover for Huaxin Cement reached 221,400 hands and 501 million yuan, respectively [1] - The overall market sentiment in the cement sector was mixed, with some stocks experiencing significant inflows while others faced outflows [3]

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 28.71 CNY, indicating an expected return of over 20% within the next six months [7][19]. Core Insights - The company achieved a significant year-on-year increase in net profit of 120.7% in Q3, reaching 9.0 billion CNY. For the first three quarters, revenue and net profit attributable to the parent company were 250.3 billion CNY and 20.0 billion CNY, respectively, representing year-on-year growth of 1.3% and 76% [1][4]. - The overseas business continues to show strong growth, contributing positively to the company's performance despite a slight decline in domestic cement sales. The company completed the acquisition of assets in Nigeria, which is expected to enhance revenue from September [2][3]. - The company has established production bases in 12 overseas countries, with a total cement grinding capacity of 24.7 million tons per year. Following the acquisition in Nigeria, the total capacity is projected to reach 35.3 million tons [3]. Financial Performance Summary - In Q3, the company reported a revenue of 89.9 billion CNY and a net profit of 9.0 billion CNY, with a gross margin of 30.5%, reflecting a year-on-year increase of 5.8 percentage points [2]. - The company’s gross margin for the first three quarters was 29.5%, up 5.5 percentage points year-on-year, while the net profit margin was 7.7%, an increase of 3.4 percentage points [2]. - The report projects an upward revision of the net profit forecast for 2025 to 29.7 billion CNY, 39.8 billion CNY, and 45.7 billion CNY for 2025, 2026, and 2027, respectively [4]. Valuation Metrics - The report provides a valuation based on a price-to-earnings (P/E) ratio of 15 times for 2026, with a target price of 28.71 CNY [4]. - The company’s earnings per share (EPS) is projected to be 1.43 CNY in 2025, with a P/E ratio of 15.35 [6][14].

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。 華新建材集團股份有限公司 HUAXIN BUILDING MATERIALS GROUP CO., LTD.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：6655） 海外監管公告 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 條規定而作出。茲 載列華新水泥股份有限公司（「本公司」）於中華人民共和國若干報章及上海證券交易所 網站(http://www.sse.com.cn)刊登的 《關於 2025 年 A 股限制性股票激勵計劃內幕信 息知情人買賣公司股票情況的自查報告》，僅供參閱。 承董事會命 華新水泥股份有限公司 徐永模 主 席 证券代码：600801 证券简称：华新水泥 公告编号：2025-052 华新建材集团股份有限公司 中國湖北省武漢市 2025 年 11 月 4 日 於本公告日期，本公司董事會成員包括執行董事李葉青先生（總裁）及劉鳳山先生 （副總裁）；非執行董 ...

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。 華新建材集團股份有限公司 HUAXIN BUILDING MATERIALS GROUP CO., LTD.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：6655） 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 條規定而作出。茲 載列華新建材集團股份有限公司（「本公司」）於中華人民共和國若干報章及上海證券交 易所網站(http://www.sse.com.cn)刊登的 《董事會薪酬與考核委員會關於公司 2025 年 A 股限制性股票激勵計劃激勵對象名單的核查意見及公示情況說明》，僅供參閱。 承董事會命 華新建材集團股份有限公司 徐永模 主 席 中國湖北省武漢市 2025 年 11 月 4 日 於本公告日期，本公司董事會成員包括執行董事李葉青先生（總裁）及劉鳳山先生 （副總裁）；非執行董事徐永模先生（主席）、Martin Kriegner 先生、Olivier Milh ...

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个别及连带责任。 华新建材集团股份有限公司（以下简称"公司"）于 2025 年 10 月 3 日召开第十一届董 事会第十八次会议，审议通过了《关于公司 2025 年 A 股限制性股票激励计划（草案）及其 摘要的议案》（以下简称"《激励计划（草案）》"）等议案，上述议案已经公司董事会薪 酬 与 考 核 委 员 会 审 议 通 过 。 公 司 已 于 2025 年 10 月 9 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）上披露了相关公告。 根据《上市公司股权激励管理办法》（以下简称"管理办法"）《上市公司信息披露管 理办法》等相关法律法规的规定，公司对本次激励计划前期决策和实施过程采取了充分必要 的保密措施，同时对本次激励计划的内幕信息知情人进行了必要登记。根据《管理办法》的 有关规定，公司对本次激励计划内幕信息知情人在激励计划公开披露前 6 个月内（2025 年 4 月 9 日至 2025 年 10 月 9 日，以下简称"自查期间"）买卖公司股票的情况进行了自 ...

证券代码：600801 证券简称：华新水泥 公告编号：2025-051 华新建材集团股份有限公司 董事会薪酬与考核委员会关于公司 2025 年 A 股限制性股票 激励计划激励对象名单的核查意见及公示情况说明 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个别及连带责任。 1、公司于 2025 年 10 月 9 日在公司指定披露媒体《中国证券报》及上海证券交易所网 站（www.sse.com.cn）公告了《2025 年 A 股限制性股票激励计划(草案)》《2025 年 A 股限 制性股票激励计划(草案)摘要》《2025 年 A 股限制性股票激励计划实施考核管理办法》《2025 年 A 股限制性股票激励计划授予激励对象名单》。 2、公司于 2025 年 10 月 21 日通过公司内部网络方式公示了《2025 年 A 股限制性股票 激励计划授予激励对象名单》，对上述激励对象的姓名及职务予以公示。公示时间为自 2025 年 10 月 21 日起至 2025 年 10 月 30 日止，共计 10 天。截至公示期满，公司未收到针对本次 激励对象提出 ...

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10月31日 狀態: 新提交 FF301 致：香港交易及結算所有限公司 公司名稱: 華新水泥股份有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06655 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 734,720,000 | RMB | | 1 | RMB | | 734,720,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 734,720,000 | RMB | | 1 | RMB | | 734,720,000 | | 2. 股份分類 ...