2025-07-14 10:20Performance Forecast and Period-on-Period Comparison The company anticipates a significant net loss in H1 2025, with a detailed comparison to the H1 2024 performance 2025 Half-Year Performance Forecast The company expects a significant net loss attributable to shareholders of RMB 1.3 billion to 1.6 billion for H1 2025, widening from the prior year, while non-recurring adjusted net loss remains stable 2025 Half-Year Performance Forecast | Financial Indicator (RMB '000) | Estimated Amount | | :--- | :--- | | Net Profit Attributable to Shareholders | -130,000 to -160,000 | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | -210,000 to -240,000 | 2024 Half-Year Performance Review In comparison, the company recorded a net loss attributable to shareholders of RMB 807 million and a non-recurring adjusted net loss of RMB 2.056 billion in H1 2024, indicating ongoing operational challenges 2024 Half-Year Financial Performance | Financial Indicator | 2024 Half-Year Amount | | :--- | :--- | | Net Profit Attributable to Shareholders | -80,667 (RMB '000) | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | -205,571 (RMB '000) | | Earnings Per Share | -0.12 RMB | Performance Variation Analysis The company's performance variation is attributed to divergent trends in its cement and real estate businesses, alongside mixed operational data Attribution Analysis of Performance Variation Performance variation is primarily due to diverging trends in core business segments, with cement operations improving through cost reduction and price increases, while real estate suffered from market downturns impacting sales and margins - Cement business significantly reduced costs year-on-year through lean operations and various cost-saving measures; concurrently, average selling prices for cement and clinker increased, improving product gross margins and substantially narrowing losses year-on-year8 - Real estate business faced sales price pressure due to market adjustments, with some project prices falling short of expectations, leading to a temporary decline in project gross margins and a year-on-year decrease in operating profit8 Core Business Operational Data During the reporting period, core business operational data showed mixed results, with concrete sales up 26%, cement and clinker sales slightly down 2%, and real estate recognized area significantly decreasing by 35%, indicating sales and delivery pressures 2025 Half-Year Core Business Operational Data | Business Segment | 2025 Half-Year Operational Data | Year-on-Year Change | | :--- | :--- | :--- | | Cement and Clinker | Sales approx. 37.4 million tons | Decrease approx. 2% | | Concrete | Sales approx. 6.73 million cubic meters | Increase approx. 26% | | Real Estate | Recognized Area approx. 0.26 million sq. meters | Decrease approx. 35% |