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

CEMPI

94.56

0 0%

CONCPI

88.61

-0.01 -0.01%

CLKPI

98.12

0.00 0.00%

SPPI

44.43

-0.02 -0.04%

MORPI

73.32

0.00 0.00%

Suggestions on promoting the integration and development of China's cement industry through mergers and acquisitions

At present, China's cement industry is falling into the most severe industry dilemma since this century, and merger and reorganization is an important measure to solve the situation of "downward demand, excess capacity, involution loss". Based on the current situation of China's cement industry and the experience of overseas mature market integration, this paper prospects the trend, path and mode of China's cement market integration in the future, and analyzes the potential risks that may arise, and puts forward reasonable suggestions from the three levels of government, association and enterprise. It is expected that during the "15th Five-Year Plan" period, China's cement industry will take substantial steps in mergers and acquisitions, make new major breakthroughs, effectively enhance industry concentration, and compete in the market.