Financial Performance - The unaudited consolidated profit attributable to owners for the three months ended March 31, 2025, is approximately RMB 3,081,000[2] - Revenue for the three months ended March 31, 2025, is RMB 1,223,847,000, representing an increase from RMB 1,149,339,000 in the same period of 2024[3] - Gross profit for the same period is RMB 143,393,000, with a gross margin of approximately 11.7%[3] - The company reported a loss before tax of RMB 98,045,000 for the three months ended March 31, 2025[3] - The company does not recommend the payment of dividends for the first three months of 2025, consistent with the previous year[7] Assets and Liabilities - Total assets as of March 31, 2025, amount to RMB 17,414,366,000, compared to RMB 17,666,017,000 as of December 31, 2024[4] - Current liabilities are reported at RMB 1,037,109,000, an increase from RMB 911,574,000 in the previous period[5] - Cash and cash equivalents as of March 31, 2025, total RMB 9,041,261,000, compared to RMB 8,901,845,000 at the beginning of the year[5] - Non-current assets are valued at RMB 8,891,959,000 as of March 31, 2025, showing a slight increase from RMB 8,771,239,000 in the previous period[4] Cash Flow - The company experienced a net cash outflow from operating activities of RMB 33,332,000 for the three months ended March 31, 2025[5] Market and Economic Conditions - In Q1 2025, China's GDP reached RMB 31.9 trillion, growing by 5.4% year-on-year and 1.2% quarter-on-quarter[8] - National fixed asset investment increased by 4.2% year-on-year, with manufacturing investment rising by 9.1%[8] - Cement demand recovery was slow, with total cement production at 331 million tons, a year-on-year decrease of 1.4%[9] - The average cement price increased compared to the same period last year, leading to a turnaround from loss to profit for the company[9] - The real estate market remains in deep adjustment, with weak construction intentions from real estate companies[10] Operational Strategies - In Q1 2025, the company implemented peak-shifting policies, increasing kiln shutdown days from 55 to 60 days[10] - Infrastructure investment, particularly in water management, is expected to be a new growth point for cement demand[10] - The company anticipates a continued decline in cement demand in Q2 2025, but the rate of decline is expected to narrow compared to last year[11] - The company aims to enhance operational efficiency and customer service while participating in industry cooperation to improve performance in the second half of 2025[12]
亚洲水泥(中国)(00743) - 2025 Q1 - 季度业绩