Core Viewpoint - Huaxin Cement (600801)(06655) reported a slight decrease in revenue but a significant increase in net profit for the six months ending June 30, 2025, indicating effective cost management and growth in overseas operations [1] Financial Performance - The company achieved an operating revenue of 16.047 billion yuan, a year-on-year decrease of 1.17% [1] - Net profit attributable to shareholders reached 1.103 billion yuan, reflecting a year-on-year increase of 51.05% [1] - Basic earnings per share were reported at 0.53 yuan [1] Sales Performance - Cement and clinker sales totaled 27.7366 million tons, a year-on-year decline of 2.63% [1] - Overseas cement and clinker sales amounted to 8.3884 million tons, showing a year-on-year growth of 10.41% [1] - Aggregate sales increased to 76.0526 million tons, representing a year-on-year growth of 6.33% [1] - Concrete sales were reported at 1.328 million cubic meters, down 9.88% year-on-year [1] Factors Influencing Performance - The decline in overall revenue was attributed to a decrease in sales volume, despite an increase in average selling prices for cement products [1] - The growth in overseas business and effective cost control contributed to the significant increase in net profit [1]

（原标题：华新水泥(06655)完成收购非洲水泥企业） 智通财经APP讯，华新水泥(06655)发布公告，内容有关(i)公司的全资子公司华新(海南)投资有限公司(买 方A)收购 Holderfin B.V.(卖方)持有的Caricement B.V.(标的公司A)100%股权;及(ii)公司的全资子公司华新 (香港)国际控股有限公司(买方B)收购卖方持有的 Davis Peak Holdings Limited(标的公司B)100% 股权的 交易。买方与卖方签署股权收购协议。据此，买方有条件地同意收购，而卖方有条件地同意出售该等标 的公司100%股权。本次交易代价为8.3813亿美元(并可根据《股权收购协议》价值减损条款进行向下的 惯常调整)。本次收购事项已于2025年8月29日完成股权交割，买方于根据《股权收购协议》价值减损条 款进行向下的惯常调整后，支付了代价7.7386亿美元。交割完成后，标的公司成为公司间接全资子公 司，且由于标的公司持有最终标的公司83.81% 的股权，最终标的公司亦成为公司的子公司，因此该等 标的公司和最终标的公司的财务业绩均并入公司的综合财务帐目内。 ...

于报告期内，公司持续获得社会认可和好评。公司《水泥全流程低碳智能工厂》项目，入围工业和信息 化部拟入选的卓越级智能工厂(第一批)项目名单；连续13年上榜世界品牌实验室，并以1,169.82亿元品 牌价值位列总榜单第79位；获中国建筑材料联合会"2024年度建筑材料行业ESG评级""A+"最高评级。公 司总裁李叶青入选"2024年度建材行业十大新闻人物"及获得""第六届湖北省优秀中国特色社会主义事业 建设者"称号。 格隆汇8月29日丨华新水泥(06655.HK)公告，截至2025年6月30日止6个月，集团未经审核收入为人民币 160.47亿元，较2024年同期减少1.17%。集团未经审核权益持有者应占利润为人民币11.03亿元，较2024 年同期上升51.05%。每股基本盈利为人民币0.53元。 ...

Core Viewpoint - The company, Huaxin Cement, has announced the acquisition of 100% equity stakes in two companies, Caricement B.V. and Davis Peak Holdings Limited, through its wholly-owned subsidiaries, with a total transaction value of approximately $838.13 million, adjusted to $773.86 million after customary adjustments [1] Group 1 - Huaxin Cement's wholly-owned subsidiary, Huaxin (Hainan) Investment Co., Ltd., is the buyer for Caricement B.V., while Huaxin (Hong Kong) International Holdings Limited is the buyer for Davis Peak Holdings Limited [1] - The equity acquisition agreements were signed conditionally, with both buyers agreeing to purchase and sellers agreeing to sell the respective companies [1] - The completion of the equity transfer occurred on August 29, 2025, resulting in the acquired companies becoming indirect wholly-owned subsidiaries of Huaxin Cement [1] Group 2 - The total transaction price was initially set at $838.13 million, which can be adjusted downwards based on the equity acquisition agreement's value reduction clauses [1] - After customary adjustments, the final payment made by the buyers was $773.86 million [1] - The financial performance of the acquired companies will be consolidated into Huaxin Cement's financial statements following the completion of the acquisition [1]

格隆汇8月29日丨华新水泥(06655.HK)公告，截至2025年6月30日止6个月，集团未经审核收入为人民币 160.47亿元，较2024年同期减少1.17%。集团未经审核权益持有者应占利润为人民币11.03亿元，较2024 年同期上升51.05%。每股基本盈利为人民币0.53元。 于报告期内，公司持续获得社会认可和好评。公司《水泥全流程低碳智能工厂》项目，入围工业和信息 化部拟入选的卓越级智能工厂(第一批)项目名单；连续13年上榜世界品牌实验室，并以1,169.82亿元品 牌价值位列总榜单第79位；获中国建筑材料联合会"2024年度建筑材料行业ESG评级""A+"最高评级。公 司总裁李叶青入选"2024年度建材行业十大新闻人物"及获得""第六届湖北省优秀中国特色社会主义事业 建设者"称号。 ...

華新水泥股份有限公司 HUAXIN CEMENT CO., LTD.* 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。 茲提述華新水泥股份有限公司（「本公司」）日期為二零二四年十二月一日的公告（「過 往公告」）以及日期爲2025年2月27日的通函（「通函」），內容有關(i)本公司之全資子 公司華新（海南）投資有限公司（「買方A」）收購 Holderfin B.V.（「賣方」）持有 的 Caricement B.V.（「標的公司A」）100%股權；及（ii）本公司之全資子公司華新（香 港）國際控股有限公司（「買方B」，与「買方A」合称「買方」）收購賣方持有的 Davis Peak Holdings Limited（「標的公司B」，与「標的公司A」合称「标的公司」）100% 股權的交易。除另有規定外，本公告所用詞彙與過往公告及通函所界定者具有相同涵義。 （於中華人民共和國注册成立的股份有限公司） （股份代號：6655） 主要交易及關連交易 收購標的公司股 ...

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]