25, Western Cement held a mid-term performance conference. Faced with challenges such as declining demand in China's cement market, the company insists on paying equal attention to both sound operation and international development, and the continuous release of profitability from overseas business has become an important support for the group's operating performance. During the
reporting period, the Company realized operating income of RMB4.527 billion, gross profit of RMB1.404 billion and net profit attributable to shareholders of the parent company of RMB379 million. Among them, the Chinese market realized revenue of about 1.498 billion yuan, and the overseas market realized revenue of about 3.029 billion yuan. In the first half of 2026, the sales volume of overseas cement and clinker accounted for approximately 51% of the Group's total sales volume, and the revenue from overseas market accounted for approximately 67% of the Group's total revenue. The profit contribution of overseas business continued to increase, and the effectiveness of internationalization strategy was further demonstrated.
The domestic market is under pressure, and overseas business has become an important support
. In the first half of 2026, due to the decline in demand in China's cement market, the company's domestic business operation was under pressure, and the average selling price and gross profit declined. Faced with the adjustment of the industry cycle, the company continued to strengthen lean production, cost control and market management, actively responded to market changes, and strived to maintain stable operation.
At the same time, in recent years, the company's continuous layout of the African and Central Asian markets began to enter the stage of return on investment, and overseas business continued to contribute significant profits to the group. After years of intensive cultivation, the company has formed a multi-regional business layout in Ethiopia, Mozambique, Congo (Kinshasa), Uganda, Tanzania, Rwanda and Central Asia, and its overseas business is gradually entering a new stage of capacity release, market expansion and profit realization from the early stage of investment and construction.
Deepening overseas market and seizing regional development opportunities
The Company continued to promote overseas industrial layout, relying on its professional advantages in cement project construction, production and operation and market development, to provide high-quality building materials products for local infrastructure construction and urban development. The population growth and urbanization process in
Africa continue to advance, and the demand for infrastructure construction is strong, while the local per capita cement consumption level is still at a low level, and some markets are characterized by insufficient supply and scattered markets. With the completion and commissioning of the company's overseas projects, the scale effect and regional synergy effect will be further revealed, creating a good foundation for the long-term growth of overseas business.
Adhering to green development and promoting localization, the
company has always integrated the concept of green development into the whole process of production, operation and overseas project construction. We will comprehensively promote the comprehensive utilization of resources and use alternative raw materials such as desulfurized gypsum, construction waste, fly ash and slag in cement production to promote green and low-carbon development.
In the overseas market, the company vigorously promotes localized operation. At the same time, through professional training, post practice and transnational personnel training, the professional competence of overseas teams has been continuously improved, and the requirements of safety production management have been strictly implemented. In the first half of 2026, the number of days of industrial injury loss decreased further compared with the same period last year. The continuous deepening of
internationalization strategy and the construction of long-term growth momentum
in the first half of 2026 further verified the resilience and potential of the overseas development strategy of Western Cement. As more overseas projects are put into production, the company's overseas production capacity, market size and profit contribution are expected to continue to improve.
Looking forward to the future, Western Cement will continue to adhere to the development direction of "based on Africa, global layout, green development, win-win cooperation", continue to cultivate the markets of sub-Saharan Africa and Central Asia, accelerate the release of overseas project capacity, enhance the capacity of localized operation and regional synergy, and promote overseas business from scale expansion to quality. With more resilient operation, more competitive industrial layout and more long-term value of global development, it will inject strong impetus for enterprises to move towards a higher quality and more sustainable development stage.
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