Earnings release
Page 1
- 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. (a joint stock limited company incorporated in the People’s Republic of China with limited liability of its members) FIRST QUARTERLY REPORT OF 2025 Reference is made to the announcements of the Company dated 29 October 2024, 30 October 2024, 4 November 2024, 8 January 2025, 9 January 2025, 13 January 2025, 19 February 2025, 20 February 2025, 24 February 2025, 25 February 2025, 28 February 2025, 6 March 2025, 11 March 2025, 1 April 2025, 3 April 2025, 8 April 2025, 10 April 2025, 11 April 2025 and the circular of the Company dated 1 April 2025. On 8 March 2024, the Company carried out unified registration of debt financing instruments (TDFI) (including but not limited to super short-term commercial paper, short-term commercial paper, medium- term debentures, perpetual debentures, asset-backed notes, green debt financing instruments) in the China inter-bank bond market, which were issuable in different types and separate tranches, with a registration term of two years. Since the announcement of the third quarterly report of 2024 of the Company dated 25 October 2024 and up to the date of this announcement, the Company has issued one tranche of super short-term commercial paper. The issue of the first tranche of the super short-term commercial paper in 2025 was completed on 10 January 2025, with an aggregate principal amount of RMB2 billion, a par value of RMB100, a maturity period of 260 days and an annual coupon rate of 1.67%. On 17 January 2023, the Company was approved to publicly issue corporate bonds with a par value of not exceeding RMB20 billion in aggregate within 24 months from that date. Since the announcement of the third quarterly report of 2024 of the Company dated 25 October 2024 and up to the date of this announcement, the Company has issued two tranches of corporate bonds.
Page 2
- 2 - The issue of the fifth tranche of the corporate bonds in 2024 was completed on 4 November 2024, with an aggregate principal amount of RMB2 billion, a par value of RMB100, a maturity period of three years and an annual coupon rate of 2.30%. The issue of the first tranche of the corporate bonds (type I) in 2025 was completed on 9 January 2025, with an aggregate principal amount of RMB1 billion, a par value of RMB100, a maturity period of three years and an annual coupon rate of 1.74%. The issue of the first tranche of the corporate bonds (type II) in 2025 was completed on 9 January 2025, with an aggregate principal amount of RMB1 billion, a par value of RMB100, a maturity period of five years and an annual coupon rate of 1.87%. On 3 January 2024, the Company was approved to publicly issue renewable corporate bonds with a par value of not exceeding RMB20 billion in aggregate within 24 months from that date. Since the announcement of the third quarterly report of 2024 of the Company dated 25 October 2024 and up to the date of this announcement, the Company has issued two tranches of renewable corporate bonds. The issue of the first tranche of the renewable corporate bonds (type I) in 2025 was completed on 24 February 2025, with an actual size of issuance of RMB2 billion, a par value of RMB100, a basic maturity period of three years, with every three interest-accruing years constituting one term, with an option on the part of the Company (the issuer), at the end of each term, to extend the term of the bonds of such tranche for an additional term (i.e. three years), or to redeem the bonds of such tranche in full as they fall due at the end of that term, and with an annual coupon rate of 2.08%. The issue of the first tranche of the renewable corporate bonds (type II) in 2025 was completed on 24 February 2025, with an actual size of issuance of RMB1 billion, a par value of RMB100, a basic maturity period of five years, with every five interest-accruing years constituting one term, with an option on the part of the Company (the issuer), at the end of each term, to extend the term of the bonds of such tranche for an additional term (i.e. five years), or to redeem the bonds of such tranche in full as they fall due at the end of that term, and with an annual coupon rate of 2.13%. The issue of the second tranche of the renewable corporate bonds (type I) in 2025 was completed on 10 April 2025, with an actual size of issuance of RMB0.8 billion, a par value of RMB100, a basic maturity period of three years, with every three interest-accruing years constituting one term, with an option on the part of the Company (the issuer), at the end of each term, to extend the term of the bonds of such tranche for an additional term (i.e. three years), or to redeem the bonds of such tranche in full as they fall due at the end of that term, and with an annual coupon rate of 1.99%. The issue of the second tranche of the renewable corporate bonds (type II) in 2025 was completed on 10 April 2025, with an actual size of issuance of RMB0.8 billion, a par value of RMB100, a basic maturity period of five years, with every five interest-accruing years constituting one term, with an option on the part of the Company (the issuer), at the end of each term, to extend the term of the bonds of such tranche for an additional term (i.e. five years), or to redeem the bonds of such tranche in full as they fall due at the end of that term, and with an annual coupon rate of 2.07%.
Page 3
- 3 - Relevant documents containing the details of the issue of the abovementioned super short-term commercial paper are available on the websites of China Money (http://www.chinamoney.com.cn) and the Shanghai Clearing House (http://www.shclearing.com). Relevant documents containing the details of the issue of the abovementioned corporate bonds and renewable corporate bonds are available on the website of the Shanghai Stock Exchange (http://www. sse.com.cn/disclosure/bond/announcement/company/). According to the relevant PRC regulations, the Company is required to publish its quarterly results on the websites of China Money and the Shanghai Clearing House during the term of the abovementioned super short-term commercial paper and to publish its interim results and annual results on the website of the Shanghai Stock Exchange during the term of the abovementioned corporate bonds and renewable corporate bonds. The following is the financial information of the Group and the Company for the first quarter ended 31 March 2025 prepared under PRC GAAP, which is published simultaneously on the websites of China Money and the Shanghai Clearing House.
Page 4
- 4 - 1. THE CONSOLIDATED FINANCIAL INFORMATION OF THE GROUP CONSOLIDATED BALANCE SHEET As at 31 March 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item 31 March 2025 31 December 2024 Current assets: Cash and bank balance 27,602,875,718.51 27,342,875,207.29 Financial assets held for trading 10,909,895,644.50 12,489,890,522.49 Financial assets at fair value through profit or loss Derivative financial assets 1,231,406.82 1,383,874.10 Notes receivable 1,558,477,561.03 2,011,252,858.25 Accounts receivable 52,410,642,402.09 46,369,231,337.28 Financing receivable 7,608,916,324.49 10,206,722,207.58 Prepayments 9,451,113,304.03 7,763,505,562.22 Other receivables 6,147,167,037.74 6,544,548,401.20 Inventories 20,800,431,397.58 16,951,293,974.76 Contract assets 10,302,347,409.32 8,973,258,099.49 Assets held-for-sale Non-current assets due within one year 2,429,246,607.21 2,566,287,168.18 Other current assets 4,836,151,779.54 4,386,364,834.33 Total current assets 154,058,496,592.86 145,606,614,047.17
Page 5
- 5 - Item 31 March 2025 31 December 2024 Non-current assets: Debt investments Available-for-sale financial assets Other debt investments Held-to-maturity investments Long-term receivables 2,609,352,395.60 2,510,469,703.82 Long-term equity investments 35,031,996,969.38 33,504,805,667.80 Investments in other equity instruments 42,969,355.39 42,969,355.39 Other non-current financial assets 533,700,850.48 533,047,856.58 Investment properties 1,454,927,699.48 1,492,807,077.47 Fixed assets 173,145,360,864.81 171,508,175,156.18 Construction in progress 30,747,357,574.85 31,334,728,108.85 Productive biological assets Oil and gas assets Right-to-use assets 2,578,007,378.81 2,607,438,714.30 Intangible assets 52,214,886,314.10 52,512,837,416.06 Development expenses 147,897,166.07 130,189,584.24 Goodwill 34,749,313,392.45 34,357,759,887.38 Long-term deferred expenditures 5,956,409,109.46 5,835,570,838.05 Deferred income tax assets 8,567,360,619.19 8,567,304,806.08 Other non-current assets 3,138,585,800.02 3,426,234,616.38 Total non-current assets 350,918,125,490.09 348,364,338,788.58 Total assets 504,976,622,082.95 493,970,952,835.75
Page 6
- 6 - Item 31 March 2025 31 December 2024 Current liabilities: Short-term borrowings 41,064,223,248.35 31,798,659,862.73 Held-for-trading financial liabilities Financial liabilities at fair value through profit or loss Derivative financial liabilities 2,897,900.00 4,689,150.00 Notes payable 11,828,760,552.35 13,181,420,237.07 Accounts payable 48,321,860,330.90 48,413,761,537.05 Payment received in advance 30,111,049.27 27,523,252.74 Contract liabilities 11,075,121,192.25 10,716,790,740.34 Payroll payable 1,490,575,275.12 2,512,632,259.00 Taxes payable 2,408,408,302.09 3,034,205,937.64 Other payables 15,127,508,117.99 12,798,555,795.34 Liabilities held-for-sale Non-current liabilities due within one year 46,922,360,035.19 47,960,640,271.89 Other current liabilities 6,661,302,101.20 5,263,666,992.24 Total current liabilities 184,933,128,104.71 175,712,546,036.04 Non-current liabilities: Long-term borrowings 86,895,215,683.59 84,564,599,467.66 Debentures payables 27,338,744,270.54 25,217,211,237.10 Lease liabilities 2,293,714,551.82 2,148,166,614.92 Long-term payables 2,605,497,741.63 2,878,032,947.48 Long-term employees’ remuneration payable 368,374,889.28 369,856,172.12 Accrued liabilities 2,843,472,523.03 2,878,301,785.09 Deferred income 2,217,302,586.20 2,186,447,118.14 Deferred income tax liabilities 3,336,851,598.28 3,470,809,519.98 Other non-current liabilities 31,705,275.36 12,435,226.16 Total non-current liabilities 127,930,879,119.73 123,725,860,088.65 Total liabilities 312,864,007,224.44 299,438,406,124.69
Page 7
- 7 - Item 31 March 2025 31 December 2024 Owners’ equity: Paid-up capital (or share capital) 7,593,021,358.00 8,434,770,662.00 Other equity instruments 16,059,514,000.00 16,056,134,000.00 Including: Preference shares Perpetual debentures 16,059,514,000.00 16,056,134,000.00 Capital reserve 7,596,172,286.34 9,931,501,176.92 Less: Treasury stock Other comprehensive income -338,137,806.39 -389,714,707.38 Including: Currency translation differences -290,182,274.60 -340,745,629.31 Special reserve 870,090,711.92 722,936,902.69 Surplus reserve 6,036,333,258.14 6,036,333,258.14 Undistributed profit 78,017,465,298.40 78,656,176,999.20 Total owners’ equity attributable to the Company 115,834,459,106.41 119,448,138,291.57 Minority interests 76,278,155,752.10 75,084,408,419.49 Total owners’ equity 192,112,614,858.51 194,532,546,711.06 Total liabilities and owners’ equity 504,976,622,082.95 493,970,952,835.75 Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia
Page 8
- 8 - CONSOLIDATED INCOME STATEMENT For the three months ended 31 March 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item January to March 2025 January to March 2024 I. Total operating revenue 36,636,841,494.19 37,021,154,472.11 Including: Operating revenue 36,636,841,494.19 37,021,154,472.11 II. Total operating costs 36,790,108,381.63 38,247,038,437.41 Including: Operating cost 29,710,091,985.20 31,001,226,653.38 Tax and auxiliary charges 665,872,910.55 631,354,373.55 Selling expenses 1,037,376,359.61 936,729,895.76 Administrative expenses 3,186,282,306.93 3,177,943,086.95 R&D expenses 1,022,114,840.24 1,065,213,645.76 Finance costs 1,168,369,979.10 1,434,570,782.01 Others Add: Other income 400,192,455.32 444,307,290.94 Investment income (loss stated with “-”) 269,061,193.72 42,073,725.49 Net gain from exposure hedging (loss stated with “-”) Gains on fair value changes (loss stated with “-”) -63,084,250.29 -75,522,305.36 Impairments loss on credits (loss stated with “-”) 1,464,379.05 13,177,516.15 Impairments loss on assets (loss stated with “-”) -33,117,840.43 -7,630,408.67 Gains on disposal of assets (loss stated with “-”) 53,938,320.41 69,423,356.08 III. Operating profit (loss stated with “-”) 475,187,370.34 -740,054,790.67 Add: Non-operating income 64,115,893.37 81,922,361.93 Less: Non-operating expense 74,248,709.27 102,126,413.47 IV. Total profit (total loss stated with “-”) 465,054,554.44 -760,258,842.21 Less: Income tax expense 363,432,810.16 162,008,228.98 V. Net profit (net loss stated with “-”) 101,621,744.28 -922,267,071.19 Net profit attributable to the owners of the Company -516,851,700.80 -1,349,540,548.38 Minority interests 618,473,445.08 427,273,477.19 Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia
Page 9
- 9 - CONSOLIDATED CASH FLOW STATEMENT For the three months ended 31 March 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item January to March 2025 January to March 2024 I. Cash flows from operating activities: Cash received from product sales and rendering services 29,444,080,551.95 32,282,214,775.06 Refund of taxes and levies received 394,374,539.17 303,552,821.84 Cash received relating to other operating activities 2,453,052,124.55 2,057,509,647.52 Sub-total of cash inflows from operating activities 32,291,507,215.67 34,643,277,244.42 Cash paid for purchase of goods and receipt of services 24,584,694,795.08 27,988,574,547.24 Cash paid to and paid for employees 6,454,202,589.82 6,935,619,217.12 Taxes and auxiliary charges paid 3,097,946,518.91 2,812,410,684.32 Cash paid relating to other operating activities 3,205,745,121.12 2,896,608,187.67 Sub-total of cash outflows from operating activities 37,342,589,024.93 40,633,212,636.35 Net cash flows from operating activities -5,051,081,809.26 -5,989,935,391.93 II. Cash flows from investing activities: Cash received from disposal of investments 9,388,184,855.56 8,299,651,790.17 Cash received from returns on investments 128,669,251.85 57,645,274.76 Net cash received from disposal of fixed assets, intangible assets and other long-term assets 319,008,585.88 211,044,226.26 Net cash received from disposal of subsidiaries and other operating entities 12,970,648.50 1,350,000.00 Cash received relating to other investing activities 198,870,887.13 10,373,602.30 Sub-total of cash inflows from investing activities 10,047,704,228.92 8,580,064,893.49 Cash paid for acquiring fixed assets, intangible assets and other long-term assets 2,947,100,772.79 4,822,588,684.68 Cash paid for investment 9,234,272,852.94 4,514,782,200.00 Net cash paid for acquisition of subsidiaries and other operating entities 923,580,700.05 2,883,892,079.48 Cash paid relating to other investing activities 102,183,622.49 10,156,002.30 Sub-total of cash outflows from investing activities 13,207,137,948.27 12,231,418,966.46 Net cash flows from investing activities -3,159,433,719.35 -3,651,354,072.97
Page 10
- 10 - Item January to March 2025 January to March 2024 III. Cash flows from financing activities: Cash received from investments 3,121,832,801.22 105,000,000.00 Cash received from borrowings 35,605,805,285.21 35,341,041,974.22 Cash received relating to other financing activities 2,423,894,017.65 1,769,451,303.60 Sub-total of cash inflows from financing activities 41,151,532,104.08 37,215,493,277.82 Cash paid for repayments of liabilities 24,513,882,184.99 20,772,139,616.47 Cash paid for dividend, profit distribution or interest repayment 1,671,721,313.57 1,621,294,996.36 Cash paid relating to other financing activities 6,662,688,029.20 3,535,323,462.03 Sub-total of cash outflows from financing activities 32,848,291,527.76 25,928,758,074.86 Net cash flows from financing activities 8,303,240,576.32 11,286,735,202.96 IV. Effect of foreign exchange rates under changes on cash and cash equivalents 35,387,943.82 -73,882,827.85 V. Net increase in cash and cash equivalents 128,112,991.53 1,571,562,910.21 Add: Ba lance of cash and cash equivalents at the beginning of the period 23,482,645,847.22 27,929,689,099.85 VI. Balance of cash and cash equivalents at the end of the period 23,610,758,838.75 29,501,252,010.06 Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia
Page 11
- 11 - 2. FINANCIAL INFORMATION OF THE COMPANY BALANCE SHEET As at 31 March 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item 31 March 2025 31 December 2024 Current assets: Cash and bank balance 904,828,347.00 120,596,945.25 Financial assets held for trading 2,918,274,691.77 2,991,865,091.77 Financial assets at fair value through profit or loss Derivative financial assets Notes receivable Accounts receivable Financing receivable Prepayments 1,069,513.48 733,094.06 Other receivables 47,433,260,994.50 47,813,159,722.51 Inventories Contract assets Assets held-for-sale Non-current assets due within one year Other current assets 6,462,696.46 7,599,620.76 Total current assets 51,263,896,243.21 50,933,954,474.35
Page 12
- 12 - Item 31 March 2025 31 December 2024 Non-current assets: Debt investments Available-for-sale financial assets Other debt investments Held-to-maturity investments Long-term receivables Long-term equity investments 74,150,475,160.78 72,861,979,259.92 Investments in other equity instruments Other non-current financial assets Investment properties Fixed assets 944,055,836.14 952,786,500.79 Construction in progress 9,650,923.67 9,650,923.67 Productive biological assets Oil and gas assets Right-of-use assets Intangible assets Development expenses Goodwill Long-term deferred expenditures Deferred income tax assets Other non-current assets 220,000.00 220,000.00 Total non-current assets 75,104,401,920.59 73,824,636,684.38 Total assets 126,368,298,163.80 124,758,591,158.73
Page 13
- 13 - Item 31 March 2025 31 December 2024 Current liabilities: Short-term borrowings 4,820,164,291.77 2,668,577,625.11 Held-for-trading financial liabilities Financial liabilities at fair value through profit or loss Derivative financial liabilities Notes payable Accounts payable 834,532.07 893,432.07 Payment received in advance Contract liabilities Payroll payable 23,899,206.57 22,541,103.42 Taxes payable 173,141.65 321,331.52 Other payable 1,273,633,359.81 1,255,439,602.32 Liabilities held-for-sale Non-current liabilities due within one year 16,707,738,174.84 15,897,002,684.81 Other current liabilities 2,007,195,795.86 1,009,447,182.02 Total current liabilities 24,833,638,502.57 20,854,222,961.27 Non-current liabilities: Long-term borrowings 13,007,800,000.00 14,349,300,000.00 Debentures payables 16,937,800,380.56 14,824,073,124.10 Lease liabilities Long-term payables Long-term employees’ remuneration payable 24,880,692.72 26,335,000.00 Accrued liabilities Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities 29,970,481,073.28 29,199,708,124.10 Total liabilities 54,804,119,575.85 50,053,931,085.37
Page 14
- 14 - Item 31 March 2025 31 December 2024 Owners’ equity: Paid-up capital (or share capital) 7,593,021,358.00 8,434,770,662.00 Other equity instruments 16,059,514,000.00 16,056,134,000.00 Including: Preference shares Perpetual debentures 16,059,514,000.00 16,056,134,000.00 Capital reserve 11,655,085,786.73 14,018,098,946.44 Less: Treasury stock Other comprehensive income -66,219,325.50 -66,219,325.50 Including: Currency translation differences 92,127,702.48 92,127,702.48 Special reserve Surplus reserve 5,562,706,240.28 5,562,706,240.28 Undistributed profit 30,760,070,528.44 30,699,169,550.14 Total owners’ equity attributable to the Company 71,564,178,587.95 74,704,660,073.36 Minority interests Total owners’ equity 71,564,178,587.95 74,704,660,073.36 Total liabilities and owners’ equity 126,368,298,163.80 124,758,591,158.73 Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia
Page 15
- 15 - INCOME STATEMENT For the three months ended 31 March 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item January to March 2025 January to March 2024 I. Total operating revenue 10,534,403.31 2,543,391.19 Including: Operating revenue 10,534,403.31 2,543,391.19 II. Total operating costs 132,418,418.35 87,445,431.62 Including: Operating cost Tax and auxiliary charges 403,588.80 179,942.39 Selling expenses Administrative expenses 68,589,821.88 70,493,705.44 R&D expenses Finance costs 63,425,007.67 16,771,783.79 Others Add: Other income 752,726.29 986,303.50 Investment income (loss stated with “-”) 376,922,667.05 203,288,437.35 Net gain from exposure hedging (loss stated with “-”) Gains on fair value changes (loss stated with “-”) -73,590,400.00 2,136,577.00 Impairments loss on credits (loss stated with “-”) Impairments loss on assets (loss stated with “-”) Gains on disposal of assets (loss stated with “-”) III. Operating profit (loss stated with “-”) 182,200,978.30 121,509,277.42 Add: Non-operating income Less: Non-operating expense 29,476,638.98 IV. Total profit (total loss stated with “-”) Less: Income tax expense 182,200,978.30 92,032,638.44 V. Net profit (net loss stated with “-”) 182,200,978.30 92,032,638.44 Net profit attributable to the owners of the Company 182,200,978.30 92,032,638.44 Minority interests Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia
Page 16
- 16 - CASH FLOW STATEMENT For the three months ended 31 March 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item January to March 2025 January to March 2024 I. Cash flows from operating activities: Cash received from product sales and rendering services 11,061,123.48 2,670,560.75 Refund of taxes and levies received 797,889.87 1,045,481.71 Cash received relating to other operating activities 3,602,426,047.69 1,663,182,318.03 Sub-total of cash inflows from operating activities 3,614,285,061.04 1,666,898,360.49 Cash paid for purchase of goods and receipt of services Cash paid to and paid for employees 46,105,693.46 47,609,950.28 Taxes and auxiliary charges paid 1,028,209.47 967,320.67 Cash paid relating to other operating activities 3,030,268,966.88 1,545,402,693.90 Sub-total of cash outflows from operating activities 3,077,402,869.81 1,593,979,964.85 Net cash flows from operating activities 536,882,191.23 72,918,395.64 II. Cash flows from investing activities: Cash received from disposal of investments Cash received from returns on investments 78,424,350.85 3,032,712.83 Net cash received from disposal of fixed assets, intangible assets and other long-term assets Net cash received from disposal of subsidiaries and other operating entities Cash received relating to other investing activities Sub-total of cash inflows from investing activities 78,424,350.85 3,032,712.83 Cash paid for acquisition and construction of fixed assets, intangible assets and other long-term assets 161,186.62 3,301,252.00 Cash paid for investment 990,000,000.00 737,330,000.00 Net cash paid for acquisition of subsidiaries and other operating entities Cash paid relating to other investing activities Sub-total of cash outflows from investing activities 990,161,186.62 740,631,252.00 Net cash flows from investing activities -911,736,835.77 -737,598,539.17
Page 17
- 17 - Item January to March 2025 January to March 2024 III. Cash flows from financing activities: Cash received from investments 3,000,000,000.00 Cash received from borrowings 11,691,000,000.00 6,300,000,000.00 Cash received relating to other financing activities Sub-total of cash inflows from financing activities 14,691,000,000.00 6,300,000,000.00 Cash paid for repayments of liabilities 9,909,500,000.00 4,633,500,000.00 Cash paid for dividend, profit distribution or interest repayment 428,764,402.64 416,934,427.16 Cash paid relating to other financing activities 3,193,651,966.41 4,877,315.68 Sub-total of cash outflows from financing activities 13,531,916,369.05 5,055,311,742.84 Net cash flows from financing activities 1,159,083,630.95 1,244,688,257.16 IV. Effect of foreign exchange rates under changes on cash and cash equivalents V. Net increase in cash and cash equivalents 784,228,986.41 580,008,113.63 Add: Balance of cash and cash equivalents at the beginning of the period 120,571,114.05 439,769,798.55 VI. Balance of cash and cash equivalents at the end of the period 904,800,100.46 1,019,777,912.18 Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia This announcement is made pursuant to Rule 13.09 of the Listing Rules and Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). The financial information in this announcement is prepared in accordance with PRC GAAP and has not been audited. The shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
Page 18
- 18 - DEFINITIONS In this announcement, the following terms shall have the following meanings unless the context requires otherwise: “Company” China National Building Material Company Limited* (ҿ ʮ̡), a joint stock limited company incorporated under the laws of the PRC, the H shares of which are listed on The Stock Exchange of Hong Kong Limited “Group” the Company and its subsidiaries “Listing Rules” the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited “PRC” the People’s Republic of China, excluding, for the purpose of this announcement only, the Hong Kong Special Administrative Region, the Macau Special Administrative Region, and Taiwan “PRC GAAP” the relevant accounting principles and financial regulations as promulgated in the PRC “RMB” Renminbi yuan, the lawful currency of the PRC By order of the Board China National Building Material Company Limited* Pei Hongyan Secretary of the Board Beijing, the PRC 25 April 2025 As at the date of this announcement, the board of directors of the Company comprises Mr. Zhou Yuxian, Mr. Wei Rushan, Mr. Wang Bing and Ms. Miao Xiaoling as executive directors, Mr. Wang Yumeng, Mr. Shen Yungang and Mr. Chen Shaolong as non-executive directors and Mr. Sun Yanjun, Mr. Liu Jianwen, Mr. Zhou Fangsheng, Mr. Li Jun and Ms. Xia Xue as independent non-executive directors. * For identification purposes only