Earnings release
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- 1 - Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1313) UNAUDITED FINANCIAL INFORMATION FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2025 For the nine months ended 30 September 2025 2024 (Decrease)/ (unaudited) (unaudited) Increase Turnover (RMB million) 15,069.6 15,774.6 (4.5)% Profit attributable to owners of the Company (RMB million) 331.0 308.6 7.3% Basic earnings per share RMB0.047 RMB0.044 As at 30/9/2025 As at 31/12/2024 Increase (unaudited) (audited) Total assets (RMB million) 71,995.6 71,963.1 - Equity attributable to owners of the Company (RMB million) 44,340.3 44,121.2 0.5% Gearing ratio (note 1) 35.9% 34.6% Net assets per share – book (note 2) RMB6.35 RMB6.32 0.5% notes: 1. Gearing ratio is calculated by dividing the total bank borrowings, loans from related parties and medium -term notes by equity attributable to owners of the Company. 2. Net assets per share – book is calculated by dividing equity attributable to owners of the Company by the number of issued shares at the end of the relevant reporting period.
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- 2 - The board (the “Board”) of directors (the “Directors”) of China Resources Building Materials Technology Holdings Limited (the “Company”) is pleased to announce the unaudited consolidated fina ncial information of the Company and its subsidiaries (collectively the “Group”) for the nine months ended 30 September 2025 (the “Period”) as follows: CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the three months ended 30 September For the nine months ended 30 September Notes 2025 2024 2025 2024 RMB'000 RMB'000 RMB'000 RMB'000 (unaudited) (unaudited) (unaudited) (unaudited) Turnover 4,863,986 5,462,898 15,069,570 15,774,615 Cost of sales (4,201,050 ) (4,610,033 ) (12,519,420 ) (13,376,955 ) Gross profit 662,936 852,865 2,550,150 2,397,660 Other income 70,950 82,689 203,527 222,881 Selling and distribution expenses (103,212 ) (107,487 ) (292,691 ) (315,566 ) General and administrative expenses (503,163 ) (460,283 ) (1,753,613 ) (1,404,646 ) Exchange (loss) gain (1,695 ) (1,655 ) (274 ) 1,166 Finance costs (101,489 ) (140,244 ) (330,530 ) (396,675 ) Share of results of associates (25,885 ) (9,749 ) (67,797 ) (74,908 ) Share of results of joint ventures 9,294 6,095 30,502 30,206 Profit before taxation 7,736 222,231 339,274 460,118 Taxation 2 (16,117 ) (100,131 ) (176,685 ) (202,798 ) (Loss) profit for the period (8,381 ) 122,100 162,589 257,320 Attributable to: Owners of the Company 24,317 142,791 330,970 308,555 Non-controlling interests (32,698 ) (20,691 ) (168,381 ) (51,235 ) (8,381 ) 122,100 162,589 257,320 Basic earnings per share (RMB) 3 0.003 0.020 0.047 0.044
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- 3 - CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30/9/2025 As at 31/12/2024 RMB'000 RMB'000 (unaudited) (audited) Non-current assets Fixed assets 29,897,213 31,153,445 Right-of-use assets 5,123,016 5,180,396 Other investment 23,835 13,762 Intangible assets 17,920,158 18,351,715 Interests in associates 5,155,644 5,296,366 Interests in joint ventures 1,766,900 1,738,709 Other non-current assets 1,776,632 1,445,777 Deferred tax assets 998,465 959,322 Long term receivables 253,025 246,710 Pledged bank deposits 515,664 478,559 63,430,552 64,864,761 Current assets Inventories 1,937,633 1,762,724 Trade receivables 2,213,308 1,968,351 Other receivables 1,027,752 1,125,263 Taxation recoverable 25,153 6,828 Cash and bank balances 3,361,176 2,235,178 8,565,022 7,098,344
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- 4 - As at 30/9/2025 As at 31/12/2024 RMB'000 RMB'000 (unaudited) (audited) Current liabilities Trade payables 2,698,955 3,260,380 Other payables 5,573,360 5,561,035 Taxation payable 78,868 196,097 Loans from non-controlling shareholders 202,982 194,182 Bank loans – amount due within one year 3,706,735 6,968,005 12,260,900 16,179,699 Net current liabilities (3,695,878) (9,081,355) Total assets less current liabilities 59,734,674 55,783,406 Non-current liabilities Bank loans – amount due after one year 9,029,285 7,099,707 Medium-term notes 3,000,000 1,000,000 Loans from non-controlling shareholders 650 - Other long term payables 1,673,896 1,686,169 Deferred tax liabilities 274,882 300,690 13,978,713 10,086,566 45,755,961 45,696,840 Capital and reserves Share capital 617,812 617,812 Reserves 43,722,483 43,503,404 Equity attributable to owners of the Company 44,340,295 44,121,216 Non-controlling interests 1,415,666 1,575,624 Total equity 45,755,961 45,696,840
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- 5 - Notes: 1. BASIS OF PREPARATION The accounting policies and methods of computation used in the condensed consolidated financial statements for the Period are the same as those followed in the preparation of the Group’s annual financial statements for the year ended 31 December 2024 except for the adoption of certain new and revised HKFRS Accounting Standards issued by the Hong Kong Institute of Certified Public Accountants, which are effective for the financial year beginning on or after 1 January 2025. The application of these new and revised HKFRS Accounting Standards in the Period has had no material impact on the condensed consolidated financial statements of the Group. 2. TAXATION Hong Kong Profits Tax was calculated at 16.5% of the estimated assessable profit for both periods. Chinese Mainland Enterprise Income Tax includes the income tax calculated at 25% on the taxable income of the group entities in the Chinese Mainland, the withholding tax calculated at 5% on dividends in the Chinese Mainland, and the deferred tax calculated at 5% on the intended distribution profits from subsidiaries in the Chinese Mainland to a holding company in Hong Kong, for both periods. 3. EARNINGS PER SHARE The calculation of the basic earnings per share attributable to the owners of the Company is based on the following data: For the nine months ended 30 September 2025 2024 RMB'000 RMB'000 (unaudited) (unaudited) Earnings Earnings attributable to the owners of the Company for the purpose of basic earnings per share 330,970 308,555 For the nine months ended 30 September 2025 2024 (unaudited) (unaudited) Number of shares Weighted average number of shares for the purpose of basic earnings per share 6,982,937,817 6,982,937,817 No diluted earnings per share is presented as the Company did not have any potential ordinary shares outstanding. 4. REVIEW OF FINANCIAL INFORMATION The financial information for the Period has been reviewed by the Audit Committee of the Company.
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- 6 - INTERIM DIVIDEND An interim dividend of HK$0.014 per share for the six months ended 30 June 2025 (HK$0.02 per share for the six months ended 30 June 2024) was declared by the Board on 15 August 2025 and has been paid to shareholders on 24 October 2025. The Board does not recommend the payment of any dividend for the three months ended 30 September 2025 (Three months ended 30 September 2024: Nil). OPERATIONAL PERFORMANCE REVIEW Turnover The consolidated turnover for the Period amounted to RMB 15,069.6 million, representing a decrease of 4.5% from RMB15,774.6 million for the corresponding period in 2024. An analysis of segmental turnover by product is as follows: For the nine months ended 30 September 2025 2024 Sales volume ’000 tons/m3 Average selling price RMB per ton/m3 Turnover RMB’000 Sales volume ’000 tons/m3 Average selling price RMB per ton/m3 Turnover RMB’000 Cement products 39,427 231.7 9,135,433 43,875 237.5 10,419,587 Concrete 10,464 296.4 3,101,637 8,293 334.2 2,771,866 Aggregates 58,593 34.7 2,034,499 46,283 36.2 1,677,577 Others 798,001 905,585 Total 15,069,570 15,774,615
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- 7 - Gross Profit and Gross Margin The consolidated gross profit for the Period was RMB 2,550.2 million, representing an increase of 6.4% from RMB2,397.7 million for the corresponding period in 2024. The consolidated gross margin for the Period was 16.9%, representing an increase of 1.7 percentage points from 15.2% for the corresponding period in 2024. The increases in consolidated gross profit and consolidated gross margin for the Period were mainly attributable to the lower cost of sales of the Group ’s cement products during the Period as compared with the corresponding period in 2024, but which had been partially offset by the decreases in gross profit and gross margin of the Group’s aggregates and others segment. The gross margins of cement products, concrete and aggregates for the Period were 17.1%, 14.7% and 25.4% respectively, as compared with 12.6%, 12.4% and 38.6% respectively for the corresponding period in 2024. Profit Attributable to Owners of the Company Profit attributable to owners of the Company for the Period was RMB 331.0 million, representing an increase of 7.3% from RMB308.6 million for the corresponding period in 2024. By order of the Board CHINA RESOURCES BUILDING MATERIALS TECHNOLOGY HOLDINGS LIMITED JING Shiqing Chairman Hong Kong, 24 October 2025 As at the date of this announcement and after the changes of Directors, the executive Directors are Mr. JING Shiqing, Mr. XIE Ji and Mr. LI Baojun; the non- executive Directors are Mr. ZHU Ping, Mr. YU Shutian, Mr. ZHOU Bo, Mr. DENG Ronghui and Mr. LI Nan; and the independent non-executive Directors are Dr. NG Kam Wah Webster, Madam YAN Bilan, Mr. TANG Yi Hoi and Mr. GONG Xiaofeng.