CR Building Material Technology: Profit attributable to owners in 2024 is expected to decrease by approximately 62% to 72% year-on-year

2025-02-14 10:17:03

This was mainly due to: (1) a decrease in the gross profit margin of the Group's non-cement and concrete businesses in 2024 as compared to 2023; (2) a one-off gain on disposal of a subsidiary of RMB163.6 million in 2023; and (3) an impairment loss in 2024.

On the evening of February

13, China Resources Building Materials Technology announced that the company's attributable earnings for the year ending December 31, 2024 are expected to decrease by about 62% to 72% compared with the year ending December 31, 2023. This was mainly due to: (1) a decrease in the gross profit margin of the Group's non-cement and concrete businesses in 2024 as compared to 2023; (2) a one-off gain on disposal of a subsidiary of RMB163.6 million in 2023; and (3) an impairment loss in 2024.

Data show that in 2023, the revenue of Huarun building materials technology was 25 billion 550 million yuan, and the net profit was 644 million yuan.

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Correlation

China Resources Building Materials Technology Co., Ltd.: It is estimated that the net loss in the first quarter will be 170 million yuan to 200 million yuan, turning from profit to loss year-on-year.

This was mainly attributable to the decrease in consolidated gross profit and consolidated gross profit margin as a result of the decrease in the selling prices of the Group's cement products and concrete during the Period as compared to the corresponding period in 2025.

2026-04-14 10:25:10

CR Building Material Technology: Profit attributable to owners in 2024 is expected to decrease by approximately 62% to 72% year-on-year

2025-02-14 10:17:03

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Jiangxi Provincial Department of Industry and Information Technology: Implementation Rules for Abolishing Capacity Replacement of Cement and Glass Industry in Jiangxi Province

On October 13, the Office of Industry and Information Technology of Jiangxi Province announced that due to the revision of the policy of capacity replacement in the cement and glass industry by the Ministry of Industry and Information Technology, the Office of Industry and Information Technology of Jiangxi Province decided to abolish the Rules for the Implementation of Capacity Replacement in the Cement and Glass Industry of Jiangxi Province (Gongxin Regulation No.2024) from the date of issuance of the notice, and to abolish the "Rules for the Implementation of Capacity Replacement in the Cement and Glass Industry of Jiangxi Province". The capacity replacement of cement and glass industry in the whole province will be handled in accordance with the relevant policies of the Ministry of Industry and Information Technology in the future.