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，概不就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。 安徽海螺水泥股份有限公司 ANHUI CONCH CEMENT COMPANY LIMITED （在中華人民共和國註冊成立之股份有限公司） （股份代號：00914） 持續關連交易：採購水泥外加劑、混凝土外加劑及其他外加劑 《水泥外加劑採購合同》 於二零二四年十二月二十三日，本公司（為其自身及代表本集團相關成員）與海螺科技 （為其自身及代表海螺科技集團相關成員）簽署了《水泥外加劑採購合同》，於二零二 五年一月一日至二零二五年十二月三十一日有效期內，本集團向海螺科技集團採購水泥 外加劑（即水泥助磨劑），《水泥外加劑採購合同》項下交易的年度上限為人民幣 7.2 億元。 《混凝土及其他外加劑採購框架協議》 於二零二四年十二月二十三日，本公司（為其自身及代表本集團相關成員）與海螺科技 （為其自身及代表海螺科技集團相關成員）簽署了《混凝土及其他外加劑採購框架協議》， 於二零二五年一月一日至二零二五年十二月三十一日有 ...

Core Viewpoint - Eight listed companies have recently exposed environmental risks, with seven of them being state-controlled enterprises [2][4][16]. Group 1: Environmental Violations - The data indicates that the prominent environmental violation is the unauthorized change of forest land use [5][6]. - Ji Zhong Energy's subsidiary, Erdos City Jiadong Coal Industry Co., Ltd., was fined 837,600 yuan for unauthorized land use changes [2][9]. - Yingde Cement, a subsidiary of Conch Cement, was also fined 656,880 yuan for similar violations involving 32,926 square meters of forest land [9][10]. Group 2: Company Responses - Conch Cement did not respond to inquiries from the media regarding the environmental violations [3][7]. - Huaxin Cement also failed to provide feedback after multiple attempts to contact them [7][10]. Group 3: Regulatory Context - The public has the right to access environmental information and participate in environmental protection, as mandated by relevant laws [11][14]. - The increasing emphasis on ESG (Environmental, Social, and Governance) investment principles highlights the importance of companies' sustainable development capabilities [19].

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。 安徽海螺水泥股份有限公司 二零二四年十二月四日 ANHUI CONCH CEMENT COMPANY LIMITED （在中華人民共和國註冊成立之股份有限公司） （股份代號：00914） 於其他市場發佈的公告 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 條而作出。 茲載列安徽海螺水泥股份有限公司在上海證券交易所網站刊登的《關於擔保實施進 展的公告》，僅供參閱。 承董事會命 安徽海螺水泥股份有限公司 聯席公司秘書 虞水 中國安徽省蕪湖市 截至此公告日，本公司董事會成員包括 (i) 執行董事楊軍先生、朱勝利先生、李群峰 先生、吳鐵軍先生及虞水先生； (ii) 獨立非執行董事屈文洲先生、何淑懿女士及張雲 燕女士。 股票简称：海螺水泥 股票代码：600585 公告编号：临 2024-37 安徽海螺水泥股份有限公司 Anhui Conch Cement Company Limited 关于 ...

股票简称：海螺水泥 股票代码：600585 公告编号：临 2024-37 安徽海螺水泥股份有限公司 Anhui Conch Cement Company Limited ● 担保是否有反担保：无 关于担保实施进展的公告 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法律责任。 重要内容提示： ● 担保金额及已实际为其提供的担保余额：本次由本公司附属公司安徽海中环 保有限责任公司（以下简称"安徽海中环保"）为光嘉海中环保提供担保，担保金 额为人民币 2,400 万元。截至本公告披露日，除本次担保外，本公司及附属公司未向 光嘉海中环保提供其他担保。 ● 被担保人名称：云浮光嘉海中环保科技有限公司（以下简称"光嘉海中环保"）， 为安徽海螺水泥股份有限公司（以下简称"本公司"）合营公司。 ● 特别风险提示：无 一、担保情况概述 近日，光嘉海中环保与中国银行股份有限公司云浮分行（以下简称"中国银行 云浮分行"）签订了借款金额为人民币 6,000 万元的借款合同，借款期限为 5 年。安 徽海中环保以及光嘉海中环保其他股东光嘉羊城固废处置(云浮)控股 ...

Summary of Conference Call for Haile Cement Q3 2024 Performance Industry Overview - The overall water conservancy market in China showed signs of weak demand, low prices, and significant efficiency declines in Q3 2024 - Real estate demand has sharply decreased, with a 10.1% year-on-year decline in real estate development investment from January to September, and new construction area down by 22.2% [1] - Infrastructure investment grew by 4.1% year-on-year, but the growth rate has slowed, reducing the support for cement demand [1] Company Performance - Haile Cement's sales volume for cement and plastic products reached 19.5 million tons in Q3, a decrease of 4.2% year-on-year [2] - The average selling price of cement and plastic products fell by 16.2% year-on-year, with a smaller decline of 3.9% in Q3 compared to previous quarters [2] - The company reported a total revenue of 68.15 billion yuan in Q3, a decline of 31.3% year-on-year, with Q3 revenue at 22.58 billion yuan, down 32.9% [3] - Net profit attributable to shareholders was 5.2 billion yuan, a decrease of 40% year-on-year, with earnings per share at 0.99 yuan [3] Cost Management and Investment - The company has focused on cost reduction, achieving a 26 million USD decrease in production costs, a reduction of 12% year-on-year [3] - Capital expenditure reached approximately 10.35 billion yuan, completing 68.1% of the annual investment plan [4] Future Outlook - Q4 is traditionally a peak season for water conservancy demand, with positive signals emerging from recent government meetings aimed at accelerating project starts [4] - The real estate sector is expected to see a revival due to new policies, which may improve water conservancy demand [4] - The company plans to enhance market analysis and improve operational management to stabilize contributions from its dual-material industry [5] - There is a collective industry call to resist excessive competition and support price recovery [5] Additional Insights - The company has expanded its production capacity with two new plastic production lines, adding 3.2 million tons of capacity [5] - Many companies in the water conservancy sector are experiencing significant operational pressure, with some facing losses, indicating a need for price increases and improved profitability [5]

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，概不就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。 安徽海螺水泥股份有限公司 ANHUI CONCH CEMENT COMPANY LIMITED （在中華人民共和國註冊成立之股份有限公司） （股份代號：00914） 持續關連交易：修訂接受供應鏈物流運輸服務年度上限之補充合同 修訂《供應鏈物流運輸服務合同》年度上限 茲提述二零二三年十二月公告有關本公司（為其自身及代表其相關附屬公司）與海慧 公司於二零二三年十二月二十九日訂立的《供應鏈物流運輸服務合同》，根據該合同， 海慧公司同意在合同有效期（即二零二四年一月一日至二零二四年十二月三十一日） 期間，為本集團之水泥、熟料、骨料、煤炭等產品提供供應鏈物流運輸服務。 於二零二四年十一月十三日，本公司（為其自身及代表其相關附屬公司）與海慧公司 訂立《補充合同》，將現有年度上限修訂為經修訂年度上限，除此之外，《供應鏈物 流運輸服務合同》的所有其他條款和條件保持不變並具有完全效力。 上市規則之涵義 海慧公司為本公司的 ...

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。 安徽海螺水泥股份有限公司 ANHUI CONCH CEMENT COMPANY LIMITED （在中華人民共和國註冊成立之股份有限公司） （股份代號：00914） 於其他市場發佈的公告 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 條而作出。 茲載列安徽海螺水泥股份有限公司在上海證券交易所網站刊登的《關於召開 2024 年 第三季度業績說明會的公告》，僅供參閱。 截至此公告日，本公司董事會成員包括 (i) 執行董事楊軍先生、朱勝利先生、李群峰 先生、吳鐵軍先生及虞水先生； (ii) 獨立非執行董事屈文洲先生、何淑懿女士及張雲 燕女士。 证券代码：600585 证券简称：海螺水泥 公告编号：临 2024-36 承董事會命 安徽海螺水泥股份有限公司 聯席公司秘書 虞水 中國安徽省蕪湖市 二零二四年十一月七日 安徽海螺水泥股份有限公司 Anhui Conch Cement Compan ...

证券代码：600585 证券简称：海螺水泥 公告编号：临 2024-36 安徽海螺水泥股份有限公司 Anhui Conch Cement Company Limited 关于召开 2024 年第三季度业绩说明会的公告 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法律责任。 重要内容提示： 会议问题征集：投资者可于 2024 年 11 月 8 日（星期五）至 11 月 14 日（星 期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dms@chinaconch.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 安徽海螺水泥股份有限公司（以下简称"公司"）已于 2024 年 10 月 29 日收市 后在上海证券交易所（以下简称"上交所"）网站、香港联合交易所有限公司网站 及公司网站发布公司 2024 年第三季度报告。为便于广大投资者更加全面深入地了解 公司 2024 年第三季度经营成果、财务状况，公司计划于 2024 年 11 月 15 日下午 15:00-16:30 举行 2024 年 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative performance increase of over 15% compared to the benchmark index within the next 6 to 12 months [2][9]. Core Views - The cement prices are expected to stabilize and improve, leading to accelerated profit recovery in Q4. The company is positioned as a market leader, which may mitigate the impact of overall market declines [1][2]. - The company has shown resilience in profitability despite a challenging market environment, with a focus on optimizing supply-side factors [1][2]. Summary by Sections Financial Performance - In Q3 2024, the company achieved a gross margin of 20.8%, an increase of 4.6 percentage points year-on-year and 0.8 percentage points quarter-on-quarter, primarily due to lower costs of coal and other materials [1]. - The net profit margin for Q3 2024 was 8.2%, reflecting a year-on-year increase of 1.5 percentage points and a quarter-on-quarter increase of 0.4 percentage points [1]. - The company reported a net cash flow from operating activities of 10.35 billion, a year-on-year increase of 650 million [1]. Revenue and Profit Forecast - The company’s revenue for 2024-2026 is projected to be 131.82 billion, 136.67 billion, and 139.14 billion respectively, with corresponding net profits of 8.67 billion, 9.88 billion, and 10.68 billion [2][8]. - The expected earnings per share for 2024-2026 are 1.64, 1.86, and 2.02 respectively [2][8]. Market Position and Valuation - The company is recognized as a leading player in the cement industry, benefiting from strong cash flow and a commitment to shareholder returns, with a dividend payout ratio of around 50% in recent years [1][2]. - The current price-to-earnings (P/E) ratios for 2024-2026 are projected at 16.4, 14.4, and 13.3, while the price-to-book (P/B) ratios are expected to be 0.8 for 2024 and 0.7 for 2025 and 2026 [2][8].

Investment Rating - The report maintains an "Add" rating for the company [2] Core Views - The company's Q3 earnings show a recovery in profitability, with expectations for continued improvement in Q4 [2][3] - The report highlights a significant decline in revenue and net profit for the first three quarters, but a positive trend in Q3 with a year-on-year revenue increase of 32.80% [2][3] - Anticipated improvements in supply and demand dynamics in Q4, with expectations for a rebound in cement prices due to seasonal production adjustments and increased infrastructure activity [3] Financial Summary - For the first three quarters, the company reported revenue of 681.50 billion, down 31.19% year-on-year, and a net profit of 51.98 billion, down 40.06% year-on-year [2] - Q3 results showed revenue of 225.85 billion, with a net profit of 18.73 billion, reflecting a year-on-year decline of 15.01% [2] - The company is projected to achieve revenues of 1024 billion and 1037 billion for 2024 and 2025, respectively, with corresponding net profits of 79 billion and 83 billion [4][5] - The report indicates a projected PE ratio of 18X for 2024 and 17X for 2025 [4] Industry Outlook - The cement industry is expected to face ongoing supply-demand challenges, but measures to promote production discipline and prevent excessive competition are seen as crucial for maintaining profitability [3] - Long-term expectations include the introduction of carbon emission policies and stricter regulation of capacity replacement, which may benefit the industry [3]