华新水泥（600801）(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。 ...

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 ...

Investment Rating - The report maintains a "Market Perform" rating for both the real estate and building materials sectors [1][2] Core Insights - Recent policies in Beijing and Shanghai have relaxed housing purchase restrictions, which is expected to boost market confidence and sales [2][26] - The overall performance of listed real estate companies remains under pressure, with a focus on the recovery of their balance sheets [2][28] - The building materials sector is experiencing a gradual recovery in demand, particularly in cement and glass fiber, driven by urban renewal projects and seasonal construction activities [3][44] Real Estate Sector Summary - The real estate sector has seen a 0.97% increase over the past two weeks, underperforming the CSI 300 index by 5.25 percentage points [14] - The sector's performance is influenced by recent policy changes aimed at stabilizing the market and improving sales data [2][26] - Key companies to watch include Poly Developments, Binjiang Group, and China Merchants Shekou, which are focusing on first- and second-tier cities [2][28] Building Materials Sector Summary - The building materials sector has increased by 2.86% over the past two weeks, with a year-to-date increase of 19.28% [29] - Cement prices are stabilizing, with a national average price of 316 RMB per ton, while inventory levels are gradually decreasing [33][44] - The glass fiber industry is showing signs of structural recovery, benefiting from demand in wind power and electronics sectors [3][45] Company Performance Highlights - In the consumer building materials segment, leading companies like Sanke Tree and Rabbit Baby have shown significant profit recovery, with Sanke Tree's net profit increasing by 109.30% year-on-year [48] - The report suggests focusing on companies with strong fundamentals and competitive advantages, such as Beixin Building Materials and Sanke Tree [48]

Market Overview - The cement sector experienced a decline of 0.25% on August 28, with Sifang New Materials leading the drop [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Individual Stock Performance - Notable gainers in the cement sector included: - Ningxia Building Materials: closed at 14.17, up 1.87% with a trading volume of 174,800 shares and a turnover of 245 million yuan [1] - Sichuan Jinding: closed at 10.24, up 0.89% with a trading volume of 300,100 shares and a turnover of 300 million yuan [1] - Huaxin Cement: closed at 15.80, up 0.45% with a trading volume of 205,900 shares and a turnover of 323 million yuan [1] - Conversely, Sifang New Materials led the decline, closing at 13.60, down 2.30% with a trading volume of 64,800 shares and a turnover of approximately 87.58 million yuan [2] Capital Flow Analysis - The cement sector saw a net outflow of 570 million yuan from institutional investors, while retail investors contributed a net inflow of 597 million yuan [2] - The capital flow for individual stocks showed mixed results, with some stocks experiencing significant outflows from institutional investors [3] - For instance, Ningxia Building Materials had a net inflow of 9.04 million yuan from institutional investors, while Sifang New Materials saw a net outflow of 2.30% [3]

华新水泥 20250825 摘要 华新水泥在骨料市场上的表现如何？ 骨料是华新水泥的重要利润来源，占公司总利润的 50%至 60%。骨料需求结 构与水泥类似，但更偏向于非地产领域，占比约 87%，因此与地产经济周期联 动性较弱，需求韧性更强。骨料生产属于冷加工工艺，生产成本低且确定性强， 国内水泥行业受供给侧改革影响，产量下降，盈利能力改善主要来自煤 炭价格下跌和错峰生产。湖北地区在超产治理方面领先，西南地区基建 项目加速开工，有望拉动区域性需求，对华新水泥构成利好。 预计 2025 年国内水泥行业将扭亏为盈，海外市场持续增长。公司被定 位为周期成长股，具备向上期权。预计 2025 年净利润 26 亿元，2026 年可能达到 30-35 亿元，估值仍有上涨空间。 同时对矿产资源依赖较大。华新的优势在于其较早进入矿山资源布局阶段，使 得其拿矿成本显著低于同行业水平。例如，一些央企单吨矿泉成本约 7 元，而 华新的成本仅为 2 至 3 元。目前，华新的骨料产能约为 2.85 亿吨，销量约 1.4 亿吨，其中湖北占 70%。 华新水泥在非洲市场的发展前景如何？ 华新水泥海外产能达 2,500 万吨，已在中亚和非洲市 ...

证券之星消息，8月25日水泥板块较上一交易日上涨2.69%，天山股份领涨。当日上证指数报收于 3883.56，上涨1.51%。深证成指报收于12441.07，上涨2.26%。水泥板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000877 | 天山股份 | 7.24 | 10.03% | 188.72万 | | 13.23亿 | | 600678 | 四川金顶 | 10.90 | 4.21% | 58.52万 | | 6.24亿 | | 600425 | 青松建化 | 4.92 | 3.80% | 236.80万 | | 11.53 乙 | | 600801 | 华新水泥 | 66'SI | 2.37% | 46.11万 | | 7.35亿 | | 600585 | 海螺水泥 | 24.71 | 1.73% | 48.98万 | | 12.05 Z | | 002596 | 烘脂量使 | 3.82 | 1.60% | 63.07万 | | 2.40亿 | | ...

Investment Rating - The report maintains a positive outlook on the building materials sector, highlighting potential opportunities in both "grouping" and "switching" strategies within the industry [2][11]. Core Insights - The building materials market is experiencing a shift in focus, with technology stocks gaining momentum while the building materials sector presents viable options for investment [2]. - The report emphasizes the importance of monitoring production capacity and quality improvements in key segments such as electronic fabrics and Q fabrics, which are expected to see increased demand due to advancements in AI and PCB technologies [3][4]. - The report identifies a growing confidence in infrastructure projects in regions like Xinjiang and Tibet, driven by government investments and the necessity of transportation infrastructure [11][12]. - The consumer building materials segment is showing signs of recovery, with expectations of improved revenue performance as the market stabilizes [24][25]. Summary by Sections Grouping in Building Materials - The electronic fabric sector is expected to maintain its performance, with leading companies like Zhongcai Technology reporting strong sales and production growth [3]. - The AI industry's production expectations are advancing, with key suppliers anticipating increased output of Q fabrics by the end of the year [4]. - The report highlights the importance of monitoring the production capacity and quality of Q fabrics, which will determine the actual supply capabilities of companies [4]. Switching in Building Materials - Infrastructure projects in Xinjiang and Tibet are gaining traction, with significant government backing and a strong demand for cement due to the region's unique geographical advantages [11][12]. - The consumer building materials sector is entering a recovery phase, with sales and construction data indicating a bottoming out of the market [13][14]. - The report notes that the cement industry is poised for potential growth, driven by policy improvements and governance enhancements [15][29]. Cement Industry - The cement sector is entering a peak season, but market performance remains subdued due to high comparative bases from the previous year [29][30]. - The report emphasizes the importance of policy measures to limit overproduction in the cement industry, which could enhance profitability [30][33]. - Companies like Conch Cement and Huaxin Cement are highlighted for their strong cash flow and potential for shareholder returns [34][38]. Glass Industry - The float glass market is experiencing price stabilization, with environmental regulations expected to impact production costs [40][41]. - The report indicates that the glass industry is facing cash flow challenges, with many companies operating at a loss [42]. - Companies like Xinyi Glass are expected to maintain competitive positions despite market pressures, with a focus on improving operational efficiency [43]. Photovoltaic Glass - The photovoltaic glass segment is seeing a decline in inventory levels, with prices remaining stable amid increased demand from downstream component manufacturers [48]. - The report notes that while domestic prices are under pressure, overseas markets are performing better, which could benefit leading companies in the sector [49]. Fiberglass - The fiberglass market is characterized by a divergence in production and sales, with electronic fabrics maintaining a favorable outlook [50].

Investment Rating - Industry Rating: Recommended [4] Core Viewpoints - The construction materials sector is experiencing a favorable investment moment due to the "anti-involution" trend and the arrival of peak season, leading to accelerated self-discipline in the cement industry. Recommended stocks include Huaxin Cement and Conch Cement, among others [1][5] - The cement market price is stabilizing at 364.15 CNY/ton, with an average shipment rate of 45.7% in key regions. The price is expected to maintain a steady upward trend [2][22] - The photovoltaic glass industry is witnessing price increases at the bottom level, with mainstream order prices for 2.0mm coated panels rising to approximately 11 CNY/sqm, reflecting a 2.33% increase [2][75] - The real estate market shows signs of marginal improvement, with new home transaction areas in 30 major cities reaching 154.48 million sqm, a 24.22% increase from the previous week [3][18] Summary by Sections Cement Industry - The national cement market price is 364.15 CNY/ton, showing stability amid tight funding and adverse weather conditions affecting demand recovery. The average shipment rate in key regions is around 45.7% [2][22] - Regions like Jiangsu and Anhui are seeing price increases of 20-30 CNY/ton, while areas like Fujian are experiencing price declines of 10-50 CNY/ton due to weak demand [22][48] Photovoltaic Glass - The market for photovoltaic glass is showing positive trading activity, with prices for 2.0mm coated panels increasing by 2.33% to around 11 CNY/sqm. The inventory levels are decreasing, indicating a tightening supply [75][76] Real Estate Market - The transaction volume for new homes in 30 major cities has improved, with a total area of 154.48 million sqm sold, reflecting a 24.22% week-on-week increase. The second-hand housing market also shows a 9% increase in transaction volume [3][18] Recommended Stocks - Recommended stocks include Huaxin Cement, Conch Cement, and others in the cement sector, as well as companies like Dongfang Yuhong and Keshun Co., which are benefiting from price increases in waterproofing products [1][5] - In the photovoltaic glass sector, stocks such as Qibin Group and Fuyao Glass are highlighted for their potential gains from price increases [1][5]