華新水泥股份有限公司 HUAXIN CEMENT CO., LTD. * （於中華人民共和國註冊成立的股份有限公司） 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。 截至二零二五年六月三十日止半年度業績 （股份代號：6655） 華新水泥股份有限公司（「本公司」或「公司」）董事會（「董事會」）謹此公告本公司及其附屬 公司（「本集團」）根據中國企業會計準則編制的截至二零二五年六月三十日止半年度(「報告期」) 的未經審核的中期業績。除另有說明，本公告的貨幣單位為中華人民共和國(「中國」)的法定貨幣 (「人民幣」)。 1 截至二零二五年六月三十日止六個月，本集團未經審核收入為人民幣 16,047 百萬元，較二 零二四年同期減少 1.17%。 截至二零二五年六月三十日止六個月，本集團未經審核税息折舊及攤銷前利潤為人民幣 4,194 百萬元，較二零二四年同期上升 13.42%。 截至二零二五年六月三十日止六個月，本集團未經審核權益持有者應佔利潤為人民幣 1,10 ...

Summary of Huaxin Cement Conference Call Company Overview - Huaxin Cement is a leading domestic cement company with a major shareholder being LafargeHolcim, the largest cement company globally. The second-largest shareholder is the Hubei State-owned Assets Supervision and Administration Commission. The management team is stable and experienced in industry operations. The total production capacity is approximately 126 million tons, including joint ventures. The company has established a presence in 12 countries, including Tajikistan, Kyrgyzstan, Uzbekistan, Cambodia, Nepal, Tanzania, Libya, Botswana, Zambia, and Malawi, becoming a leader in the Central Asian and African markets. By the end of 2024, overseas production capacity is expected to reach 25 million tons [3][4][6]. Key Points and Arguments - **Overseas Expansion**: Huaxin Cement has achieved an overseas production capacity of 25 million tons, with nearly 50% of total revenue coming from international markets, amounting to 8 billion yuan. The company is actively expanding through mergers and acquisitions and a light-asset model [2][6]. - **Aggregate Business**: The aggregate business is a significant profit source, contributing 50%-60% of total profits. Demand for aggregates is less correlated with the real estate cycle, making it more resilient. The company has a production capacity of approximately 285 million tons and sales of about 140 million tons, with 70% of sales coming from Hubei [2][4][5]. - **African Market Potential**: The African cement market has significant growth potential, with demand expected to increase by 2-3 times in the future. Huaxin Cement, leveraging advanced technology and management capabilities, is well-positioned for efficient expansion in Africa, supported by its major shareholder's international experience [2][6]. - **Acquisition in Indonesia**: The company announced an acquisition of an 80% stake in an Indonesian cement company for over 80 billion yuan, with a production capacity of 10 million tons and an expected annual output of 7 million tons. Although the static price-to-earnings ratio is high, there is substantial potential for profit improvement, with projections indicating profits could exceed 1 billion yuan by 2026 [2][8]. - **Strategic Development**: The company plans to continue expanding overseas through mergers and acquisitions and light-asset operations to reduce investment costs and improve returns. Projects in Nigeria are expected to contribute to profits by 2026, while the company aims to strengthen its presence in Central Asia and Southeast Asia [7][9]. Additional Important Insights - **Domestic Market Status**: The domestic cement industry is currently at a low point, with a 10% decline in production expected in 2024. However, improvements in profitability are anticipated due to falling coal prices and the implementation of production control measures. The company is well-positioned to benefit from regional demand increases driven by large infrastructure projects in Southwest China [10][11]. - **Profit Expectations**: The domestic cement industry is projected to turn from losses to slight profits in 2025, with profits per ton expected to recover to 10-15 yuan. The overseas market is expected to continue growing, supporting the company's positioning as a cyclical growth stock. The projected net profit for 2025 is 2.6 billion yuan, potentially reaching 3-3.5 billion yuan in 2026, indicating significant upside potential in valuation [12].

Group 1 - The latest stock price of Huaxin Cement is 15.62 yuan, up 0.58% from the previous trading day [1] - The opening price was 15.51 yuan, with a high of 15.62 yuan and a low of 15.40 yuan, and the trading volume reached 345 million yuan [1] - Huaxin Cement's main business includes cement, concrete, and aggregate products, with cement accounting for over 50% of its revenue [1] Group 2 - The company operates in the cement and building materials sector, with a focus on the Hubei region and a concept of mid-year report pre-increase [1] - On August 21, Huaxin Cement held a board meeting to approve the adjustment of the composition of the board's specialized committees [1] - On August 22, the main funds of Huaxin Cement experienced a net outflow of 17.94 million yuan, with a cumulative net outflow of 56.81 million yuan over the past five days [1]

Group 1 - The board of directors of Huaxin Cement held its 15th meeting of the 11th session on August 14, 2025, via communication methods, which was legally valid [1] - The board approved the composition of the audit committee, compensation and assessment committee, and governance and compliance committee [1] - The audit committee is chaired by Mr. Jiang Hong, with members including Mr. Huang Guanjiao, Mr. Zhang Jiping, Mr. Xu Yongmo, and Mr. Olivier Milhaud [1] - The compensation and assessment committee is chaired by Mr. Huang Guanjiao, with members including Mr. Jiang Hong, Mr. Zhang Jiping, Mr. Xu Yongmo, and Ms. Chen Tinghui [1] - The governance and compliance committee is chaired by Mr. Olivier Milhaud, with members including Mr. Liu Fengshan, Ms. Chen Tinghui, Mr. Jiang Hong, and Mr. Zhang Jiping [1] - The current composition of the strategic committee and nomination committee remains unchanged [1]

Group 1 - The company Huaxin Cement (SH 600801) announced on August 21 that its 11th Board of Directors held a meeting via communication to review the proposal regarding the adjustment of the composition of the special committee members [2] - For the fiscal year 2024, the revenue composition of Huaxin Cement is as follows: Cement accounts for 52.69%, Concrete accounts for 24.59%, Aggregates account for 16.49%, Others account for 4.0%, and Commodity Clinker accounts for 2.22% [2]

（於中華人民共和國注册成立的股份有限公司） （股份代號：6655） 華新水泥股份有限公司 HUAXIN CEMENT CO., LTD.* 董事名單與其角色和職能 華新水泥股份有限公司董事（「董事」）會（「董事會」）成員載列如下： 非執行董事兼董事長 黃灌球先生 張繼平先生 徐永模先生 執行董事 李葉青先生 劉鳳山先生 非執行董事 Martin Kriegner先生 Olivier Milhaud先生 陈婷慧女士 獨立非執行董事 江泓先生 1 董事會下設五個委員會。下表提供各董事會成員在此等委員會中所擔任職務之信息： | | 委員會 | 審計委員會 | 提名委員會 | 薪酬與考核 | 戰略委員會 | 治理與合規 | | --- | --- | --- | --- | --- | --- | --- | | 董事 | | | | 委員會 | | 委員會 | | 徐永模先生 | | M | | M | M | | | 李葉青先生 | | | M | | C | | | 劉鳳山先生 | | | | | | M | | Martin Kriegner | 先生 | | | | M | | | Olivier Milh ...

香港交易及结算所有限公司及香港联合交易所有限公司对本公告的内容概不负责，对其准确性或 完整性亦不发表任何声明，并明确表示，概不对因本公告全部或任何部份内容而产生或因倚赖该 等内容而引致的任何损失承担任何责任。 華新水泥股份有限公司 HUAXIN CEMENT CO., LTD.* （於中華人民共和國注册成立的股份有限公司） （股份代號：6655） 3、治理與合規委員會 召集人/主席：Olivier Milhaud先生 1 調整第十一屆董事會專門委員會成員組成 華新水泥股份有限公司（「本公司」）於2025年8月21日召開董事會會議，會 議審議通過了《關於調整公司第十一屆董事會專門委員會成員組成的議案》， 調整後本公司第十一屆董事會審計委員會、薪酬與考核委員會和治理與合規委 員會成員組成具體如下： 1、審計委員會 召集人/主席：江泓先生 委員：江泓先生、黃灌球先生、張繼平先生、徐永模先生、Olivier Milhaud 先生 2、薪酬與考核委員會 召集人/主席：黃灌球先生 委員：黃灌球先生、張繼平先生、江泓先生、徐永模先生、陳婷慧女士 2 委員：Olivier Milhaud先生、劉鳳山先生、陳婷慧女士、江泓先生 ...

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。 二零二五年八月二十一日 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 Milhaud 先生及陳婷慧女士；獨立非執行董事黃灌球先生、張繼平先生及江泓先生。 *僅供識別 華新水泥股份有限公司 HUAXIN CEMENT 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 《第十一屆董事會第十五次會議決議公告》，僅 供參閱。 承董事會命 華新水泥股份有限公司 徐永模 主 席 中國湖北省武漢市 1 证券代码：60080 ...

华新水泥股份有限公司 第十一届董事会第十五次会议决议公告 二、董事会会议审议情况 证券代码：600801 证券简称：华新水泥 公告编号：2025-027 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。 一、董事会会议召开情况 华新水泥股份有限公司（以下简称"公司"）第十一届董事会第十五次会议于 2025 年 8 月 21 日以通讯方式召开。会议应到董事 9 人，实到 9 人。本次会议由董事长徐永模先生 主持。公司于 2025 年 8 月 14 日以通讯方式向全体董事发出了会议通知。会议符合有关法律、 行政法规、部门规章、规范性文件和公司章程的规定，合法有效。 (2)薪酬与考核委员会 召集人/主席：黄灌球先生 委员：黄灌球先生、张继平先生、江泓先生、徐永模先生、陈婷慧女士 本次董事会会议经审议并投票表决，通过如下重要决议： 1、关于调整公司第十一届董事会专门委员会成员组成的议案（表决结果：同意 9 票， 反对 0 票，弃权 0 票） 调整后的公司第十一届董事会审计委员会、薪酬与考核委员会、治理与合规委员会成员 组成如下： ...

Group 1 - The core viewpoint of the news highlights a significant rise in Hong Kong's cement and building materials stocks, with Dongwu Cement leading the surge with an increase of over 17% [1][2] - China Galaxy Securities reports that July is typically a seasonal low for cement demand, impacted by high temperatures and rain affecting downstream construction, leading to a decrease in national cement demand and an increase in clinker inventory [1] - It is anticipated that demand will gradually recover in mid to late August, potentially halting the decline in cement prices [1] Group 2 - Dongwu Cement expects its losses for the six months ending June 30, 2025, to decrease to approximately 12.966 million yuan, a reduction of about 67.6% compared to a loss of approximately 39.981 million yuan in the same period last year [1][2] - China National Building Material has received an increase in holdings by BlackRock, acquiring 10.7426 million shares [2] - Huaxin Cement is set to hold a board meeting on August 29 to approve its interim results, with Ping An Securities initiating a "recommend" rating based on its valuation level [2]