CR Building Material Technology: Profit attributable to owners in 2024 is expected to decrease by approximately 62% to 72% year-on-year

2025-02-14 10:17:03

This was mainly due to: (1) a decrease in the gross profit margin of the Group's non-cement and concrete businesses in 2024 as compared to 2023; (2) a one-off gain on disposal of a subsidiary of RMB163.6 million in 2023; and (3) an impairment loss in 2024.

On the evening of February

13, China Resources Building Materials Technology announced that the company's attributable earnings for the year ending December 31, 2024 are expected to decrease by about 62% to 72% compared with the year ending December 31, 2023. This was mainly due to: (1) a decrease in the gross profit margin of the Group's non-cement and concrete businesses in 2024 as compared to 2023; (2) a one-off gain on disposal of a subsidiary of RMB163.6 million in 2023; and (3) an impairment loss in 2024.

Data show that in 2023, the revenue of Huarun building materials technology was 25 billion 550 million yuan, and the net profit was 644 million yuan.

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Correlation

China Resources Building Materials Technology Co., Ltd.: It is estimated that the net loss in the first quarter will be 170 million yuan to 200 million yuan, turning from profit to loss year-on-year.

This was mainly attributable to the decrease in consolidated gross profit and consolidated gross profit margin as a result of the decrease in the selling prices of the Group's cement products and concrete during the Period as compared to the corresponding period in 2025.

2026-04-14 10:25:10

CR Building Material Technology: Profit attributable to owners in 2024 is expected to decrease by approximately 62% to 72% year-on-year

2025-02-14 10:17:03

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Ningxia: Strictly implement the ultra-low emission transformation of cement and other industries

In order to further study and implement Xi Jinping's thought of ecological civilization, resolutely implement the deployment requirements of the State Council's Action Plan for Continuous Improvement of Air Quality, conscientiously implement the work arrangements of the Party Committee and the government of the autonomous region, and continuously consolidate the achievements of the year of tackling key problems in the protection and control of the ecological environment, on October 15, 2026, the State Council of the People's Republic of China decided to implement the plan. The People's Government of the Autonomous Region held a kick-off meeting on air pollution prevention and control in the winter and spring of 2026-2027. Vice Chairman Liu Jun presided over and delivered a speech. Members of the leading group of the construction of ecological civilization of the Party Committee of the Autonomous Region are responsible for comrades, members of the team of the Department of Ecological Environment and relevant departments and institutions.