Financial Performance - For the nine months ended September 30, 2025, the company reported an unaudited consolidated profit attributable to owners of approximately RMB 146,272,000[2]. - Total revenue for the nine months was RMB 4,118,612,000, compared to RMB 3,731,711,000 for the same period in 2024, representing an increase of approximately 10.4%[4]. - Gross profit for the period was RMB 224,885,000, down from RMB 563,931,000 in the previous year, indicating a decline of approximately 60.1%[4]. - The company recorded a loss before tax of RMB 273,254,000, compared to a profit of RMB 213,523,000 in the same period last year[4]. - The company reported a basic loss per share of RMB (0.293) for the current period, compared to a profit of RMB 0.093 in the previous year[4]. - The company did not recommend the payment of dividends for the nine months ended September 30, 2025, consistent with the previous year[8]. Cash Flow and Assets - The net cash used in investing activities was RMB 3,556,137,000, reflecting significant investment outflows[6]. - As of September 30, 2025, total assets amounted to RMB 17,414,366,000, compared to RMB 17,400,006,000 at the end of 2024[5]. - Non-current assets totaled RMB 8,891,959,000, slightly down from RMB 12,577,530,000 at the end of 2024[5]. - The company experienced a net decrease in cash and cash equivalents of RMB (75,769,000) during the period, with cash and cash equivalents at RMB 1,656,850,000 as of September 30, 2025[6]. Market Conditions - In Q3 2025, China's GDP reached RMB 101.5 trillion, growing by 5.2% year-on-year[9]. - From January to September 2025, national cement production totaled 1.259 billion tons, a decrease of 5.2% year-on-year[10]. - The average selling price of cement for the group from January to September 2025 remained roughly the same as the previous year despite initial high prices[10]. - The cement market in the Yangtze River region faced significant challenges in Q3 2025, with prices remaining low due to weak demand[9]. - In the Sichuan region, the implementation of staggered production policies helped alleviate supply-demand imbalances, leading to a second round of price increases[10]. Future Outlook and Strategy - The group expects a moderate recovery in national cement demand in Q4 2025, driven by some key infrastructure projects accelerating construction[11]. - The group plans to adhere to a strategy of high efficiency, quality, service, and environmental protection to maintain market share[12]. - The Ministry of Industry and Information Technology issued a plan to address overcapacity in the building materials industry, aiming to rationalize supply-side development[11]. - The group anticipates that industry prices will depend heavily on the execution of staggered production policies and corporate discipline[11]. - The group aims to improve performance in Q4 2025 based on market assessments and strategic initiatives[12].
亚洲水泥(中国)(00743) - 2025 Q3 - 季度业绩