2025 中期報告 2025 Interim Report 2025 Interim Report 中期報告 (II) 公司信息 | (I) | 釋義 | 2 | | --- | --- | --- | | (II) | 公司信息 | 4 | | (III) | 主要數據 | 6 | | (IV) | 管理層討論與分析 | 7 | | (V) | 股本及主要股東、董事持股情況 | 25 | | (VI) | 重要事項 | 31 | | (VII) | 中期財務報告（未經審核） | 45 | | (VIII) | 其他 | 79 | (I) 釋義 於本中期報告內，除非文義另有所指，否則下列字句具有以下涵義： | 「本公司╱公司╱中國山水╱ | 指 | 中國山水水泥集團有限公司 | | --- | --- | --- | | 山水水泥」 | | | | 「本集團╱中國山水集團」 | 指 | 本公司及其附屬公司 | | 「財務報表」 | 指 | 本集團的簡明綜合財務報表 | | 「報告期」 | 指 | 2025年1月1日至2025年6月30日的期間 | | 「董事會」 | 指 | 本公司董事會 | | 「董事」 | ...

Core Viewpoint - The company reported a decline in revenue and a reduced loss for the first half of the fiscal year, indicating a focus on cost reduction and operational efficiency to improve performance moving forward [1]. Group 1: Financial Performance - For the six months ending June 30, 2025, the company recorded revenue of 5.554 billion yuan, a year-on-year decrease of 15.4% [1]. - The loss attributable to shareholders was 250 million yuan, which represents a year-on-year reduction of 52.8% [1]. Group 2: Strategic Measures for Performance Improvement - The company plans to enhance performance by focusing on cost reduction and efficiency improvements, including precise benchmarking and exploring cost-saving potential [1]. - It aims to deepen regional market engagement and implement marketing strategies to stabilize sales and prices [1]. - The company will optimize production organization and management while ensuring quality and safety standards [1]. - Efforts will be made to enhance supply chain efficiency through joint procurement and dynamic supplier selection [1]. - The company will prioritize cash flow safety and manage controllable expenses effectively [1]. Group 3: Industrial Layout Optimization - The company intends to promote industrial cluster development by strengthening its core business in clinker and cement while expanding into aggregates, manufactured sand, and high-performance concrete [2]. - It will focus on enhancing sales terminals and expanding market share in advantageous regions [2]. Group 4: Sustainable Development and Asset Management - The company will assess the sustainable development capabilities of enterprises and implement tailored strategies for loss-making entities [3]. - It plans to phase out inefficient capacities and optimize existing assets through various means such as restructuring and leasing [3]. Group 5: Innovation and Technology Advancement - The company is committed to green development by advancing carbon reduction technologies and clean energy alternatives [4]. - It aims to integrate digital and intelligent technologies into production and management processes to create smart factories and mines [4]. - A talent strategy will be implemented to enhance workforce efficiency and organizational optimization [4].

智通财经APP讯，山水水泥(00691)发布截至2025年6月30日止六个月业绩，营业收入55.54亿元(人民 币，下同)，同比下降15.4%;股东应占亏损2.50亿元，同比收窄52.8%;每股基本亏损0.06元。 于报告期间，集团亏损净额同比减少，主要由于本期水泥价格同比上升，且生产、销售、管理及财务等 各项费用皆有不同程度下降所致。 期内，营业收入减少主要由于本期受市场需求疲弱，水泥销量下降幅度大于销价提升幅度所致。 ...

Core Viewpoint - The company reported a decline in revenue and a reduced net loss, indicating challenges in the cement market due to weak demand and pricing dynamics [1] Financial Performance - Revenue for the six months ending June 30, 2025, was 5.554 billion RMB, a year-on-year decrease of 15.4% [1] - The loss attributable to shareholders was 250 million RMB, which represents a year-on-year reduction of 52.8% [1] - Basic loss per share was 0.06 RMB [1] Market Dynamics - The decrease in revenue was primarily due to weak market demand, with cement sales volume declining more than the increase in selling prices [1] - The reduction in net loss was mainly attributed to a year-on-year increase in cement prices and a decrease in various expenses related to production, sales, management, and finance [1]

Core Viewpoint - The company reported a decline in revenue and a reduced loss for the first half of 2025 compared to the same period last year, indicating challenges in the market demand for cement [1] Financial Performance - The company's revenue for the first half of 2025 is approximately RMB 5.55 billion, a decrease of 15.4% compared to the same period last year [1] - The loss attributable to shareholders for the first half of 2025 is approximately RMB 250 million, an improvement from a loss of RMB 530 million in the same period last year [1] - The basic loss per share for the first half of 2025 is RMB 0.06 [1] Sales Composition - Cement and clinker sales accounted for 92.5% of total revenue in the first half of 2025, up from 91.1% in 2024 [1] - Ready-mixed concrete sales contributed 3.4% to total revenue in the first half of 2025, down from 5.3% in 2024 [1] Market Conditions - The decrease in revenue is primarily attributed to weak market demand, with a decline in cement sales volume exceeding the increase in selling prices [1]

截 至2025年6月30日止六個月之中期業績公告 摘 要 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 依 賴 該 等 內 容 而 引致的任何 虧 損 承 擔 任 何 責 任。 – 2 – 簡明綜合損益及其他綜合收益表 截 至2025年6月30日 止 六 個 月－未 經 審 核 中 國 山 水 水 泥 集 團 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 公 佈 本 公 司 及 其 附 屬 公 司（「本集團」）截 至2025年6月30日 止 六 個 月（「報告期」）的 綜 合 業 績 及2024年 同 期 可 比 較 期 間 未 經 審 核 的 財 務 數 據。本 集 團 截 至2025年6月30日止六個月的未經 審 核 的 簡 明 綜 合 財 務 報 表 已 獲 董 事 會 轄 下 審 核 委 員 會（「審核委員會」）審 閱 及 董 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國山水水泥集團有限公司 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00691 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.01 USD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 USD | | | 100,000,000 | 本月底法 ...

Group 1 - The company, Shanshui Cement (00691.HK), announced that its board of directors will hold a meeting on August 11, 2025, to consider and approve the group's interim results for the six months ending June 30, 2025 [1] - The board will also discuss the distribution of an interim dividend, if any, along with other matters [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。 董事會會議召開日期 香 港，2025年7月30日 於 本 公 告 日 期，董 事 會 成 員 包 括 三 名 執 行 董 事，即 滕 永 軍 先 生、吳 玲 綾 女 士 及 鄭 瑩 瑩 女 士；以 及 三 名 獨 立 非 執 行 董 事，即 張 銘 政 先 生、李 建 偉 先 生 及 許 祐 淵 先 生。 中 國 山 水 水 泥 集 團 有 限 公 司（「本公司」）及 其 附 屬 公 司（「本集團」）董 事 會（「董 事 會」）茲 通 告 謹 定 於2025年8月11日（星 期 一）舉 行 董 事 會 會 議，以 考 慮 及 通過本集團截至2025年6月30日 止 的 六 個 月 中 期 業 績，及 派 發 中 期 股 息（如 有），以 及 處 理 其 他 事 項。 承董事會命 中國山水水泥集團有限公司 主 席 滕永軍 – 1 – ...

Core Insights - The event on May 15 marked a significant milestone in the large-scale implementation of autonomous driving technology in open-pit mining, showcasing the transformation of science fiction into reality [2][12] - The project aims to provide a replicable and scalable green intelligent transportation solution for the mining industry, aligning with national and provincial government initiatives [2][8] Group 1: Project Overview - The project involves the introduction of 19 new energy autonomous mining trucks, which will enhance the high-end, intelligent, and green transformation of the Pingyin Shanshui limestone mine starting from August 2024 [2][4] - The autonomous trucks have been operational for six months, achieving an average of over 11,000 kilometers in autonomous transport per vehicle, with a 100% operational efficiency to meet production needs [4][10] Group 2: Technological Integration - The project utilizes a collaborative model involving multiple companies, including Yanzhou Zhongcai, Yutong Mining Trucks, and China Mobile, to create a closed-loop system of technology, scenarios, and industry [4][5] - The autonomous driving technology is adapted to the mining environment through lightweight modifications, allowing seamless integration with existing facilities and enhancing operational efficiency [5][10] Group 3: Environmental Impact - The project has led to a reduction of 78% in direct production personnel, significantly lowering labor and management costs [4][8] - The implementation of autonomous trucks has resulted in a cumulative carbon emission reduction of approximately 1,500 tons, demonstrating a dual benefit of economic and environmental efficiency [10][12] Group 4: Future Prospects - The initiative aligns with China's "dual carbon" strategy, accelerating the shift towards green and intelligent mining practices, which are essential for high-quality development in the mining sector [7][8] - The success of this project serves as a benchmark for the construction of green intelligent mines in China, showcasing the potential for technological advancements to drive sustainable practices in the industry [13]