格隆汇8月18日丨华润建材科技(01313.HK)公布，公司拟于2025年8月22日在中国银行间债券市场建议发 行2025年度第一期中期票据。2025年度第一期中期票据发行金额为人民币20亿元，发行期限为三年，票 面利率将由集中簿记建档、集中配售结果确定。2025年度第一期中期票据募集到的资金用于偿还公司及 其附属公司的境内银行借款。 ...

华润建材科技(01313)公布，公司拟于2025年8月22日在中国银行间债券市场建议发行2025年度第一期中 期票据。2025年度第一期中期票据发行金额为人民币20亿元，发行期限为三年，票面利率将由集中簿记 建档、集中配售结果确定。2025年度第一期中期票据募集到的资金用于偿还公司及其附属公司的境内银 行借款。 ...

Core Viewpoint - China Resources Cement Technology (01313) plans to issue the first phase of medium-term notes for 2025 in the interbank bond market, aiming to raise funds for repaying domestic bank loans [1] Group 1 - The company intends to issue medium-term notes amounting to RMB 2 billion [1] - The issuance period for the notes is set for three years [1] - The coupon rate will be determined through centralized book-building and allocation results [1] Group 2 - The funds raised will be used to repay the company's and its subsidiaries' domestic bank borrowings [1]

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分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 茲提述本公司日期為二零二三年七月十日、二零二三年九月二十八日、二零二四年四月十六 日及二零二四年四月二十二日的公告，有關（其中包括）本公司於二零二四年四月二十二日 在中國發行本金金額為人民幣 1,000,000,000 元的二零二四年度第一期中期票據，以及日期為 二零二四年七月二十五日及二零二五年七月二十四日有關本公司跟蹤評級報告的後續公告 （統稱「該等公告」）。除另有界定外，本公告所用詞彙應與該等公告所用者具有相同涵義。 本公司董事（「董事」）局（「董事局」）欣然宣佈，本公司擬於二零二五年八月二十二日在中 國銀行間債券市場建議發行二零二五年度第一期中期票據（「二零二五年度第一期中期票據」）。 二零二五年度第一期中期票據發行金額為人民幣 2,000,000,000 元，發行期限為三年，票面利 率將由集中簿記建檔、集中配售結果確定。二零二五年度第一期中期票據募集到的資金用於 償還本公司及其附屬公司的境內銀 ...

Investment Rating - The investment rating for China Resources Cement Technology (1313.HK) is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 10.206 billion yuan for the first half of 2025, a year-on-year decrease of 1.0%, while the net profit attributable to shareholders was 307 million yuan, reflecting an increase of 85% year-on-year [2][4]. - The overall industry demand is under pressure, but the Guangdong and Guangxi regions are performing relatively better than the national average. National cement production decreased by 4.3% year-on-year to 820 million tons in the first half of 2025 [5]. - The company’s cement sales volume decreased by 13% year-on-year to 25.31 million tons, while concrete sales volume increased by 36% year-on-year to 68.77 million tons, and aggregate sales volume increased by 23% year-on-year to 36.34 million tons [5]. - The average price of cement products was 247 yuan per ton, an increase of 9 yuan per ton year-on-year, while the average price of commercial concrete was 303 yuan per ton, a decrease of 41 yuan per ton year-on-year [5]. Summary by Sections Company Overview - The company is primarily located in the Guangdong and Guangxi regions, which are expected to see better demand growth compared to the national average. The production line utilization rates for cement, concrete, and aggregates were 56.8%, 32.0%, and 80.2%, respectively, compared to 64.2%, 27.1%, and 75.1% in the same period of 2024 [5][7]. Market Dynamics - The mid-term outlook for the South China market is positive due to the construction momentum from the Greater Bay Area. The regional supply has stabilized, and the market is entering a rebalancing phase. The company, as a regional leader, has comprehensive advantages in scale and distribution [7]. Financial Projections - The industry is expected to gradually optimize its structure, with the company projected to achieve net profits of 700 million yuan and 1 billion yuan for 2025 and 2026, respectively, corresponding to price-earnings ratios of 17 and 12 times [7].

华润建材科技(01313)发布公告，自2025年9月1日起，龚晓峰先生获委任为独立非执行董事及战略与投 资委员会成员;及朱平先生将不再担任战略与投资委员会成员。 ...

Core Viewpoint - China Resources Cement Technology (01313.HK) reported a slight decrease in revenue for the mid-2025 period, while achieving significant growth in profit attributable to shareholders [1] Financial Performance - The consolidated revenue for the mid-2025 period reached RMB 10.2 billion, representing a 1.0% decrease compared to the same period last year [1] - Profit attributable to shareholders was RMB 307 million, showing an impressive year-on-year increase of 85.0% [1] Dividend Declaration - The board of directors has resolved to declare an interim dividend of HKD 0.014 per share for the period, compared to HKD 0.02 per share in 2024 [1]

华润建材科技(01313)公布，将于2025年10月24日派发中期股息每股1.4港仙。 ...

Core Viewpoint - China Resources Cement Technology (01313) reported a slight decline in revenue for the first half of 2025, while net profit saw a significant increase, indicating a potential shift in profitability despite lower sales volume in certain segments [1] Financial Performance - The company's revenue for the first half of 2025 was 10.2056 billion RMB, a decrease of 1% year-on-year [1] - Net profit attributable to shareholders was approximately 307 million RMB, representing an 85% increase compared to the previous year [1] - Basic earnings per share were 0.044 RMB, with an interim dividend of 0.014 HKD per share [1] Sales Volume and Product Mix - Sales volume for cement products decreased by 3.7 million tons, while concrete and aggregate sales increased by 1.8 million cubic meters and 6.8 million tons, respectively [1] - The year-on-year changes in sales volume were a decrease of 12.6% for cement, an increase of 36.0% for concrete, and an increase of 23.2% for aggregates [1] - Approximately 82.1% of the cement sold was of grade 42.5 or higher, slightly down from 83.4% in the same period last year [1] - About 30.8% of the cement was sold in bags, compared to 29.3% in the previous year [1] Pricing Trends - The average selling price for cement was 246.9 RMB per ton, an increase of 3.8% year-on-year [1] - The average selling price for concrete was 302.7 RMB per cubic meter, a decrease of 11.9% compared to the previous year [1] - The average selling price for aggregates was 36.2 RMB per ton, which decreased by 1.6% year-on-year [1] Internal Consumption - Internal cement sales for concrete production amounted to 1.4 million tons, up from 1.1 million tons in the previous year [1] - Internal cement sales accounted for 5.7% of total cement sales, an increase from 3.7% in the same period last year [1]

Core Viewpoint - China Resources Cement Technology (01313) reported a slight decline in revenue for the first half of 2025, but a significant increase in profit attributable to shareholders, indicating improved profitability despite lower sales volume in certain segments [1] Financial Performance - The company's revenue for the first half of 2025 was 10.2056 billion yuan, a decrease of 1% year-on-year [1] - Profit attributable to shareholders was approximately 307 million yuan, representing an 85% increase year-on-year [1] - Basic earnings per share were 0.044 yuan, with an interim dividend of 0.014 HKD per share [1] Sales Volume Analysis - Sales volume of cement products decreased by 3.7 million tons, a decline of 12.6% compared to the same period last year [1] - Sales volume of concrete increased by 1.8 million cubic meters, a rise of 36.0% year-on-year [1] - Sales volume of aggregates increased by 6.8 million tons, reflecting a growth of 23.2% compared to the previous year [1] Product Mix and Pricing - Approximately 82.1% of the cement sold was of grade 42.5 or higher, slightly down from 83.4% in the same period last year [1] - About 30.8% of the cement was sold in bags, compared to 29.3% in the previous year [1] - Internal cement sales for concrete production were 1.4 million tons, accounting for 5.7% of total cement sales, up from 3.7% in the previous year [1] - Average selling prices for cement, concrete, and aggregates were 246.9 yuan per ton, 302.7 yuan per cubic meter, and 36.2 yuan per ton, reflecting increases of 3.8% for cement, but decreases of 11.9% for concrete and 1.6% for aggregates year-on-year [1]