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。 公告 中材國際二零二五年三月三十一日止三個月之 主要會計數據和財務指標 中國建材股份有限公司（「本公司」）董事會謹請其股東及公眾投資者留意以下中國中材國 際工程股份有限公司（「中材國際」）截至二零二五年三月三十一日止三個月之主要會計數 據和財務指標。 中材國際為本公司之附屬公司，其A股於上海證券交易所上市及買賣（股份代號： 600970）。 - 1 - - 2 - 本公告乃自願而並非按香港聯合交易所有限公司證券上市規則特定規定而作出。 承董事會命 中材國際之主要會計數據和財務指標 單位：萬元 幣種：人民幣 本報告期比 | | 本報告期 | 上年同期 | 上年同期增減 | | --- | --- | --- | --- | | | | | (%) | | 營業收入 | 1,014,740.77 | 1,028,784.19 | -1.37 | | 歸屬於中材國際股東的淨利潤 | 66,308.46 | 6 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,014,740.77 million, a decrease of 1.37% compared to CNY 1,028,784.19 million in the same period last year[3] - Net profit attributable to shareholders was CNY 66,308.46 million, representing a 4.19% increase from CNY 63,639.36 million year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 59,895.86 million, down 8.38% from CNY 65,376.72 million in the previous year[3] - Total operating costs for the first quarter of 2025 were CNY 9,361,675,556.79, a decrease from CNY 9,483,558,361.68 in the same period of 2024, representing a reduction of approximately 1.29%[16] - Net profit for the first quarter of 2025 was CNY 709,286,508.42, compared to CNY 677,576,466.67 in the first quarter of 2024, reflecting an increase of about 4.68%[16] - The company reported a total comprehensive income of CNY 705,568,121.02 for the first quarter of 2025, compared to CNY 616,814,430.62 in the first quarter of 2024, an increase of approximately 14.39%[17] Cash Flow - The net cash flow from operating activities was a negative CNY 187,261.91 million, compared to a negative CNY 118,800.90 million in the same period last year[3] - The company reported a net cash outflow from operating activities of CNY -1,872,619,080.89 for the first quarter of 2025, worsening from CNY -1,188,008,969.34 in the same quarter of 2024[20] - The company's cash flow from sales of goods and services in Q1 2025 was CNY 962.55 million, an increase of 33.9% compared to CNY 718.63 million in Q1 2024[29] - The company recorded a net cash inflow from financing activities of CNY 467,598,129.89 in the first quarter of 2025, a decrease from CNY 1,047,510,305.57 in the first quarter of 2024[22] - The company’s cash inflow from financing activities included $1 billion in loans, indicating reliance on debt financing[30] - The total cash outflow from operating activities was $2.15 billion, slightly lower than $2.18 billion in the previous period, showing stable operational cash outflows[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,793,118.01 million, a decrease of 1.39% from CNY 5,874,585.71 million at the end of the previous year[4] - Current assets totaled CNY 42,737,721,704.05 as of March 31, 2025, down from CNY 43,662,330,568.48 at the end of 2024, representing a decrease of 2.11%[11] - Total liabilities decreased to CNY 34,486,653,472.48 from CNY 36,000,565,714.04, reflecting a reduction of 4.21%[12] - The total current assets as of March 31, 2025, were CNY 10.73 billion, slightly down from CNY 11.00 billion as of December 31, 2024, a decrease of about 2.5%[23] - The total liabilities as of March 31, 2025, were CNY 15.69 billion, a slight decrease from CNY 15.80 billion as of December 31, 2024, representing a decline of about 0.7%[25] Equity - Shareholders' equity attributable to shareholders increased by 3.19% to CNY 2,178,793.59 million from CNY 2,111,540.89 million[4] - The company's total equity increased to CNY 23,444,526,650.78 from CNY 22,745,291,368.85, marking a growth of 3.07%[12] - The total owner's equity as of March 31, 2025, was CNY 10.43 billion, up from CNY 10.17 billion at the end of 2024, reflecting an increase of approximately 2.6%[25] Research and Development - Research and development expenses increased to CNY 360,677,637.80 in the first quarter of 2025, up from CNY 322,287,739.73 in the same period of 2024, marking a growth of about 11.94%[16] - Research and development expenses for Q1 2025 were CNY 34.35 million, a marginal increase from CNY 33.74 million in Q1 2024, indicating a growth of approximately 1.8%[26] Non-Recurring Items - Non-recurring gains and losses totaled CNY 6,412.60 million, with significant contributions from asset disposal gains and government subsidies[5] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,208[6] Other Financial Metrics - The weighted average return on equity decreased to 3.09%, down 0.19 percentage points from 3.28% in the previous year[3] - The diluted earnings per share for the first quarter of 2025 was CNY 0.25, unchanged from the same period in 2024[17] - The company reported a tax expense of CNY 130,727,364.43 for the first quarter of 2025, slightly down from CNY 130,979,824.29 in the same period of 2024[16]

中材国际（600970）公告，2025年第一季度营收为101.47亿元，同比下降1.37%；净利润为6.63亿元， 同比增长4.19%。 ...

Investment Rating - The industry investment rating is "Buy" [2] Core Viewpoints - The municipal investment in March continues to show a warming trend, with a focus on domestic demand counter-cyclical adjustments and safe investment areas [1] - The construction industry PMI rose to 53.4 in March, indicating improved activity in the sector [36] - The issuance of special bonds has been stable, with a significant year-on-year increase in the amount issued [44] Summary by Sections 1. Water Conservancy and Power Investment - Water conservancy and power investments continue to maintain high growth, with municipal investment in March showing a year-on-year increase of 6.5% [23] - Narrowly defined infrastructure investment (excluding power) increased by 5.8% year-on-year, while broadly defined infrastructure investment (including power) rose by 11.5% [23][24] 2. Fund Tracking - As of April 18, 2025, the total amount of newly issued special bonds reached 1,063.39 billion CNY, a year-on-year increase of 40.4% [44] - The issuance of city investment bonds reached 1,824.42 billion CNY, with a year-on-year increase of 4.74% [48] 3. Recent Key Company Announcements - Shanghai Construction Group reported a cumulative new contract amount of 64.548 billion CNY for Q1 2025, a year-on-year decrease of 44.03% [60] - Jianghe Group announced a cumulative new contract amount of 1.435 billion CNY for Q1 2025, down 47.13% year-on-year [60]

Group 1 - The company will hold a performance briefing for the first quarter of 2025 on April 25, 2025, from 09:00 to 10:00 AM [2][4] - The briefing will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [3][4] - Investors can submit questions from April 18 to April 24, 2025, and the company will address commonly asked questions during the briefing [2][5] Group 2 - Key participants in the briefing include the Chairman, Independent Directors, Vice Presidents, and the Chief Compliance Officer [4] - Contact information for inquiries includes a phone number and email address for investor relations [6] - After the briefing, investors can access the main content and details of the event on the Shanghai Stock Exchange Roadshow Center website [6]

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： | 证券代码：600970 | 证券简称：中材国际 | 公告编号：临2025-030 | | --- | --- | --- | | 债券代码：241560 | 债券简称：24国工K1 | | 中国中材国际工程股份有限公司 关于召开2025年第一季度业绩说明会的公告 会议召开时间：2025年4月25日（星期五）上午09:00-10:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于2025年4月18日（星期五）至4月24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"栏目或通过公告中的联系电话、邮 箱进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 https://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络互动 1 中国中材国际工程股份有 ...

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of China National Materials International Engineering Co., Ltd. (中材国际), indicating a relatively low PE ratio compared to the industry average [1][2] - As of April 16, the company's closing stock price was 9.26 yuan, with a rolling PE ratio of 8.20 times and a total market capitalization of 24.465 billion yuan [1] - The engineering construction industry has an average PE ratio of 15.53 times and a median of 17.66 times, placing China National Materials International at the 32nd position within the industry [1][2] Group 2 - The company has a total of 306 institutional shareholders, including 300 funds, with a total shareholding of 1,841.2407 million shares valued at 17.455 billion yuan [1] - The main business activities of the company include engineering technology services, high-end equipment manufacturing, and production operation services, with key products such as cement, mining engineering, and various specialized equipment [1] - The latest financial results for the year 2024 show the company achieved an operating revenue of 46.127 billion yuan, a year-on-year increase of 0.72%, and a net profit of 2.983 billion yuan, reflecting a year-on-year growth of 2.31% with a gross profit margin of 19.63% [1]

Summary of the Conference Call Company and Industry Overview - The conference call involved **Zhongcai International**, a subsidiary of China National Building Material Group, focusing on engineering technology services and international business in the cement industry [6][1]. - The company has maintained its position as the **largest integrated service provider** in the global cement industry, holding the **world's number one market share** for 17 consecutive years [2][6]. Key Points and Arguments Financial Performance - In **2024**, Zhongcai International reported **revenue of 46.1 billion yuan**, a year-on-year increase of **0.72%**. Overseas revenue grew by **10.85%**, increasing its share by **4 percentage points** [7][8]. - The **net profit** for 2024 reached **2.983 billion yuan**, up **2.31%** year-on-year, with a net profit of **2.716 billion yuan** after deductions, reflecting a **1.64%** increase [7][8]. - The company signed new contracts worth **63.4 billion yuan**, a **3%** increase from the previous year, primarily driven by overseas contracts [8][16]. Strategic Goals and Market Position - The company aims to enhance its **core competitiveness** and optimize its business structure, focusing on **green technology** and **digital intelligence** to lead the industry in low-carbon applications [2][4][14]. - Zhongcai International is positioned as a **technology innovator** and a **green intelligent promoter**, with a strategic focus on **high-end, green, and intelligent transformation** in the building materials sector [14][15]. International Expansion and Project Development - The company successfully secured **19 water conservancy production lines** in **15 countries**, including Saudi Arabia and Iraq, and has ongoing projects in Nigeria and the UAE [3][16]. - The **internationalization index** reached **45%**, reflecting a **2.53 percentage point** increase year-on-year [10]. Technological Advancements - Zhongcai International is advancing in **green technology** with the development of **CCUS** (Carbon Capture, Utilization, and Storage) and other low-carbon technologies, aiming to lead the industry in sustainable practices [4][10][36]. - The company has launched the **world's first full oxygen combustion technology** for cement production, focusing on reducing carbon emissions [4][36]. Challenges and Market Dynamics - The domestic cement industry faced challenges in **2024**, with a **9.5%** decline in cement production, marking the lowest output in 15 years [18][19]. - The company is addressing risks from **currency fluctuations** in overseas markets, implementing strategies to manage small currency exchange risks effectively [22][23]. Future Outlook - The company plans to leverage opportunities in **emerging markets** and **urbanization** trends, particularly in the Middle East, Africa, and Southeast Asia, to drive growth in new production lines and operational services [17][19]. - Zhongcai International aims to enhance its **digital transformation** and **intelligent manufacturing** capabilities, integrating AI and smart technologies into its operations [42][43]. Additional Important Content - The company has committed to a **high dividend payout** to reward investors and enhance sustainable development [5]. - Zhongcai International's **green energy** initiatives include developing a comprehensive solution for renewable energy projects and alternative fuels, contributing to carbon reduction efforts [25][26][27]. - The company has established a **social responsibility** framework, investing in community development and environmental sustainability [11][12]. This summary encapsulates the key insights from the conference call, highlighting Zhongcai International's financial performance, strategic direction, technological advancements, and future outlook in the cement industry.

重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 证券代码：600970 证券简称：中材国际 公告编号：2025-029 | 1、出席会议的股东和代理人人数 | 842 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,277,100,261 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 48.3379 | 中国中材国际工程股份有限公司 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，以现场投票与网络投票相结合的方式召开，董 2024 年年度股东大会决议公告 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。 事长印志松先生因公务出差不能现场主持本次会议，经过半数以上董事共同推举， 现场会议由公司董事、总裁朱兵先生主持，以记名投票方式表决，会议的召集、 召开符合《公司法》《上市公司股东大会规则》和《公司章程》的有关规定。 (五) 公司董事、监事和董事会秘书的出席情况 ...

关于中国中材国际工程股份有限公司 2024 年年度股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 l 2017 二〇二五年四月 e Un = 3 Pr A YUAN LAW OFFICES 北京 BEIJING ·上海 SHANGHAI ·深圳 SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI'AN 关于中国中材国际工程股份有限公司 2024 年年度股东大会的 法律意见书 嘉源(2025)-04-201 致:中国中材国际工程股份有限公司 受中国中材国际工程股份有限公司(以下简称"公司")委托,北京市嘉源律师 事务所(以下简称"本所")指派律师出席公司 2024年年度股东大会(以下简称"本 次股东大会"),现依据《中华人民共和国公司法》《上市公司股东会规则》(以 下简称"《股东会规则》")及《中国中材国际工程股份有限公司章程》(以下简 称"公司章程"）的规定,就本次股东大会的召集、召开程序,出席会议人员资格、 会议表决程序、表决结果等事项出具律师见证意见如下: 一、 本次股东大会的召集、召开程序 1、本次股东大会的召集程序 本次 ...