Slides
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9M25 Results Summary 1 (RMB million) 9M24 9M25 YoY Turnover 15,774.6 15,069.6 -4.5% Gross profit 2,397.7 2,550.2 +6.4% Gross margin 15.2% 16.9% +1.7 ppt Profit attributable to owners of the Company 308.6 331.0 +7.3% Earnings per share (RMB) 0.044 0.047 +7.3% Gearing ratio 38.6% 35.9% -2.7 ppt
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Financial Highlights02 Industry Overview01 Contents
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In 9M25, China’s cement production was approximately 1,259.4 million tons*, -5.2% YoY. Cement Production 1,998 1,825 1,328 1,259 2023 2024 9M24 9M25 3 131 95 64 15 89 53 41 7387 64 42 10 61 36 26 49 2024 9M25 -8.5% -5.2% -9.0% -5.7% -7.4% -10.5% -11.2% -11.9% -2.3% -1.8% -6.5% -3.7% -5.3% -4.8% -14.7% -7.6% Guangdong Guangxi Fujian Hainan Yunnan Guizhou Shanxi Hunan 2024 9M25 2024 2025(million tons , YoY) (million tons) (YoY) (YoY) * Note: Statistics only include enterprises with annual turnover above RMB20 million. Source: (1) National Bureau of Statistics of China, (2) China Cement Association -2% -22% -9% -8% -11% -12%-12% -10% -8% -11% -2% -6% 3% -5% -8% -5% -6% -6% -9% National Cement Production (1) The Group’s Operating Regions(2) 9.5% 5.2%
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Cement Supply 4.7 1.6 3.1 1.9 1.6 1.4 3.1 3.1 2.8 5.6 4.7 13.4 3.3 2017 2018 2019 2020 2021 2022 2023 2024 1H25 Guangdong Guangxi 6.6 4.9 4 20.5 20.4 23.7 39.4 36.0 34.2 24.9 10.4 4.9 2017 2018 2019 2020 2021 2022 2023 20241H25 7.8 4.7 8.7 (million tons)(million tons) Source: Company information, China Cement Association 13.4 2.8 1.4 0.0 New Clinker Capacity in China New Clinker Capacity in Guangdong & Guangxi 1H25 3 new clinker production lines nationwide 4.9 million tons new annual clinker production capacity In the major operating regions of the Group, there were no new annual clinker capacity.
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Financial Highlights02 Industry Overview01 Contents
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25,550 23,038 15,775 15,070 2023 2024 9M24 9M25 Financial Performance 6 644 211 309 331 2023 2024 9M24 9M25 6.32 6.32 6.34 6.35 2023 2024 9M24 9M25 (RMB million) (RMB million) (RMB) (RMB) 0.092 0.030 0.044 0.047 2023 2024 9M24 9M25 Turnover Profit attributable to owners of the Company Earnings per share Net assets per share 9.8% 4.5% 67.2% 7.3% 7.3% 67.2% 0.2%
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18,886 15,039 10,419 9,136 3,423 4,162 2,772 3,102 1,616 2,525 1,678 2,034 1,625 1,312 906 798 2023 2024 9M24 9M25 Cement Products Concrete Aggregates Others 7 Product 2024 YoY 9M25 YoY Cement Products -20.4% -12.3% Concrete +21.6% +11.9% Aggregates +56.2% +21.3% Others -19.3% -11.9% Total -9.8% -4.5% (RMB million) Turnover Note: Others consists of Prefabricated Construction and Engineered Stone businesses. Cement products refer to cement & clinker 60.6%20.6% 13.5% 5.3% Cement Products Concrete Aggregates Others Turnover by Product 9M25 25,550 23,038 15,775 15,070
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2,305 2,752 3,236 4,736 3,135 3,742 3,587 1Q 2Q 3Q 4Q 2024 2025 8 Sales Volume (‘000 tons) (‘000 m3) (‘000 tons) 45,583 69,352 46,283 58,593 2023 2024 9M24 9M25 14,158 15,339 16,786 23,069 15,982 20,354 22,257 1Q 2Q 3Q 4Q 2024 2025 82.1% 17.9% 42.5 or higher grades cement Others 30.8% 69.2% Bag Bulk 1H25 29.3% 70.7% 1H24 1H25 83.4% 16.6% 1H24 69,301 61,714 43,875 39,427 2023 2024 9M24 9M25 13,033 15,930 14,912 17,839 11,328 13,981 14,118 1Q 2Q 3Q 4Q 2024 2025 Cement Products Sales Volume By Product Type Concrete Sales Volume 9,334 13,029 8,293 10,464 2023 2024 9M24 9M25 Aggregates Sales Volume 10.9% 10.1% 39.6% 26.2% 52.1% 26.6%
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355 334 320 294301 304 284 1Q 2Q 3Q 4Q 2024 2025 244 233 237 259252 243 205 1Q 2Q 3Q 4Q 2024 2025 9 Average Selling Price (RMB per ton) (RMB per m3) 37 36 35 3737 36 32 1Q 2Q 3Q 4Q 2024 2025(RMB per ton) 2024 YoY 9M25 YoY Cement Products 244 -10.6% 232 -2.4% 2024 YoY 9M25 YoY Concrete 320 -12.9% 296 -11.3% 2024 YoY 9M25 YoY Aggregates 36 +2.8% 35 -4.1% Cement Products Concrete Aggregates
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27 30 32 54 42 56 22 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 10 (RMB per ton) 11% 13% 13% 21% 17% 23% 11% 2024 9M25 Gross Profit 37 40 Gross Margin 15.1% 17.1% Gross Profit & Margin Cement Products Concrete 46 41 39 35 40 45 46 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2024 9M25 Gross Profit 39 44 Gross Margin 12.2% 14.7% 13% 12% 12% 12% 13% 15% 16% 2024 9M25 Gross Profit 13 9 Gross Margin 35.1% 25.4% Aggregates (RMB Per Ton) (RMB per m3)
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11 SGA Expenses & Finance Costs (RMB million) 536 536 397 331 2023 2024 9M24 9M25 Finance Costs 2,322 2,630 1,405 1,754 506 425 315 292 2023 2024 9M24 9M25 Selling & Distribution General & Administrative 9.1% 11.4% 8.9% 11.6% 2.0% 1.8% 2.0% 1.9% 2023 2024 9M24 9M25 General & Administrative Expenses to Turnover Selling & Distribution Expenses to Turnover 2,828 3,055 1,720 2,046 Selling, General & Administrative Expenses 2024 YoY 9M25 YoY General & Administrative +13.3% +24.8% Selling & Distribution -16.0% -7.2% Total +8.0% +19.0% 0.1% 16.7%
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-101 -114 -75 -68 2023 2024 9M24 9M25 12 47 44 30 31 2023 2024 9M24 9M25 Share of results of Associates & JVs (RMB million) Note: 1. The Group holds 49.0%, 50.0%, 40.6%, in our cement-related Associates in Fujian, Yunnan and Inner Mongolia respectively. RMB million 9M24 9M25 Fujian -34 -9 Yunnan -66 -46 Inner Mongolia 59 44 Share of results of Associates Share of results of Joint Ventures 5.9% 1.0% 12.7% 9.5%
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(RMB million) 30 Sep 2024 30 Sep 2025 Change Cash and bank balances 1,698.6 3,361.2 +97.9% Total assets 73,085.2 71,995.6 -1.5% Gearing ratio 38.6% 35.9% -2.7 ppt Net assets per share (RMB) 6.34 6.35 +0.2% 13 Notes: 1. Gearing ratio is calculated by dividing the total bank borrowing, loans from related parties and medium - term notes by equity attributable to owners of the Company. 2. Net assets per share is calculated by dividing equity attributable to owners of the Company by the number of issued shares at the end of the year/the relevant reporting period. Financial Position
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This document is prepared by China Resources Building Materials Technology Holdings Limited (the “Company”) solely for this investor presentation. Copying or redistribution of this document to any person is strictly prohibited. The distribution of this document in other jurisdiction may be restricted by laws of that jurisdiction, and persons who possess this document should observe such restriction. Apart from the figures extracted from our Annual Reports, other financial information or data has not been reviewed or audited by our independent auditor. The information contained in this document has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. The purpose of this document is not for complete or fully analysis made to the financial or trading position or prospect of the Company, and any person who will in possession of this document shall be aware that no reliance should be placed on the content contained herein. The information and opinions contained in this document are subject to change without notice. This document is not intended to constitute an offer to, or a solicitation for offer to sell, purchase or subscribe the securities of the Company. The Company or any of their respective affiliates, advisors or representatives shall not have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document. This document may contain forward-looking statements that reflect risks and uncertainties. These forward-looking statements are generally expressed in forward-looking expressions, such as expectations, estimation, planning, projections, goals, the possibilities, probabilities or so on to reflect the actions that the Company expects to or may take in future or the results from these actions. You should not have excess reliance on these forward-looking statements, which are based on our own information and other source of information that we consider reliable. Our actual results may differ from these forward-looking statements which may lead to the fluctuation of the share price of the Company. 14 Disclaimer & Contact Information Investor Relations Inquiries: Tel: (852) 3118 6800 E-mail: crcement@crc.com.hk Website: www.cr-bmt.com Address: Room 3001-05, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong