Ningxia Building Materials Holds 2024 Annual Performance Presentation

On April 7, Ningxia Building Materials held its annual performance presentation in 2024 by means of video combined with online text interaction. Wang Yulin, Chairman of the Company, Luo Libang, Independent Director and Chairman of the Audit Committee of the Board of Directors, Liang Yan, Chief Financial Officer, and Lin Fengping, Secretary of the Board of Directors and General Counsel, attended the results presentation and communicated with investors. At the

performance presentation meeting, Wang Yulin introduced the production, operation and development of the Company in 2024 and the business plan for 2025 to the investors; Liang Yan further interpreted the operating results of the Company in 2024. In the interactive exchange session of the performance presentation, the management of the company communicated with the investors and earnestly answered the concerns of the capital market. Wang Yulin, Chairman of

Ningxia Building Materials: In 2024, affected by the reduction of real estate investment and the slowdown of infrastructure projects, the demand for cement in the region declined significantly, and the utilization rate of production capacity decreased significantly. In the face of the severe and complex operating environment, the company took the initiative to face the challenges, focused on operation and management, curbed and reversed the trend of deterioration of operation, and stabilized the basic benefits under heavy pressure.

In 2024, the Company realized operating income of RMB 8.653 billion, a decrease of 16.87% over the same period last year; profit of RMB 286 million, a decrease of 25.56% over the same period last year; net profit attributable to parent company of RMB 241 million, a decrease of 18.82% over the same period last year.

The basic building materials business actively practiced the concept of "cost and profit", focused on promoting precise and rigid peak staggering, led the regional industry ecological construction, continuously optimized the product structure and marketing strategy, and expanded the market to stabilize the share. The company tapped the potential to continue to reduce costs and increase efficiency, and the procurement side closely followed the market changes, giving full play to the advantages of centralized procurement, resulting in a year-on-year decrease in the cost of bulk materials procurement; Grasp the opportunity of "double carbon" policy, strengthen green production, energy saving and consumption reduction, intelligent transformation, continue to promote the high-end, intelligent and green development of basic building materials, and promote the coordinated promotion of carbon reduction, pollution reduction, green expansion and growth. During the reporting period, the company's comprehensive power consumption of clinker , comprehensive coal consumption of clinker, comprehensive energy consumption of clinker and other indicators all decreased year on year.