14 March, China Resources Building Material Technology Holdings Limited (stock code: 1313) announced its 2024 annual results.
In 2024, the consolidated turnover of the company decreased by 9.8% to 23.04 billion yuan, the profit attributable to the owners of the company decreased by 67.2% to 210 million yuan, and the basic earnings per share was 0.03 yuan. As of December 31, 2024, the total assets of the company were 71.96 billion yuan, and the net assets per share were 6.32 yuan.
From the business point of view, the company's annual sales of cement, concrete and aggregate are about 61.71 million tons, 13.03 million cubic meters and 69.35 million tons respectively. The capacity utilization rates of cement, concrete and aggregate production lines were 69.2%, 33.9% and 85.9%, respectively. The average price of cement and clinker is 244 yuan per ton, the average price of concrete is 320 yuan per cubic meter, and the average price of aggregate is 36 yuan per ton.
On March 17, China Resources Building Materials Technology held its 2024 annual performance conference. Jing Shiqing, Chairman of the Board of Directors of China Resources Building Materials Technology, Xie Ji, President of China Resources Building Materials Technology, Huang Hu, Chief Financial Officer of China Resources Building Materials Technology, and Xing Tao, Head of Investor Relations of China Resources Building Materials Technology, attended the meeting at China Resources Building in Hong Kong.
The conference attracted more than 20 analysts and fund managers from Citigroup, Macquarie, Bank of America, HSBC, CICC, Guotai Junan and other domestic and foreign financial institutions. The meeting released the company's annual performance, and conducted in-depth exchanges on major issues such as industry development, market outlook, cost control, new capacity, regional integration, carbon market and market value management of central enterprises. Ms.
Huang Hu said that China Resources Building Materials Technology continued to deepen working capital management and made good progress in reducing costs and increasing efficiency in the whole value chain. At the same time, the company controlled the borrowing and capital expenditure at a healthy level. Although the performance declined, the operating cash flow was good, the free cash flow was positive, and the capital expenditure declined steadily. In the future, the company will further optimize cost control, actively respond to the requirements of SASAC to improve the quality of listed companies and market value management, fully consider the shareholder structure and shareholder demands, and maintain a competitive dividend payout ratio. President
Xie Ji answered questions
from investors. President Xie Ji introduced the performance of China Resources Building Materials Technology in production and operation, and shared the company's progress and plans in regional integration, market strategy, carbon market and international layout.
He pointed out that
in terms of merger and acquisition integration, the company will adhere to reasonable price, appropriate rhythm and rigorous analysis, and contact potential targets around Guangdong and Guangxi regions. In terms of market strategy, the company will maintain a relatively stable market share and not pursue absolute growth; In terms of international layout, we will continue to pay due attention to overseas projects, do a good job in risk assessment, make prudent decisions, seek truth from facts and do what we can. Chairman
Jing Shiqing answered questions
from investors. In his summary, Chairman Jing Shiqing emphasized that 2024 is the year for the company to overcome difficulties and make solid progress. Faced with the severe and complex external situation, all the staff are confident and facing difficulties, and the regional competitiveness is gradually improving. The market share of Guangdong and Guangxi ranks first steadily, the cost reduction of the whole value chain has made breakthroughs, and the integration strategy has achieved initial results.
Looking forward to 2025 , the company will focus on the annual management theme of "Deepening Reform to New Generation", spare no effort to achieve new growth in performance, reshape the sales system to create new functions, consolidate the operation foundation to rebuild new advantages, optimize the allocation of resources to formulate new blueprints, and strive to repay the trust and support of shareholders with excellent performance. At the
media meeting, the management introduced the operation and development direction of Huarun Building Material Science and Technology, and answered the questions of on-site media on industry demand, competition pattern, cost control, coal procurement, artificial stone business, etc. Daily Economic News, Nasdaq Finance and Economics, Glonghui, China Financing and other eight media attended the meeting, which was also broadcast live to individual investors in the Mainland and Hong Kong through the live broadcasting platform of Fortune Securities.
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