The highest price is 878 yuan per ton! This Cement Group "Abandons" Domestic Heavy Warehouse Overseas!

In 2025, Western China Cement entered a critical period of strategic transformation. In the face of the current situation of the industry with declining domestic cement market demand, the Group firmly promoted its overseas layout, and the business in sub-Saharan Africa and Central Asia achieved explosive growth, which became the core engine of the Group's performance against the trend, and the effectiveness of overseas strategy was fully demonstrated. The total sales volume of cement and clinker of the Group

for the whole year increased by 9.0% year-on-year to 21.8 million tons, of which the sales volume in overseas markets surged by 120% to 8.8 million tons, accounting for 40% of the total sales volume, which became the core driving force for the growth of sales volume.

On the profit side, the advantages of the overseas market are more prominent. The average selling price of cement and clinker in China is 251 yuan per ton and the gross profit is 39 yuan per ton. The average selling price in the overseas market is 470 yuan per ton and the gross profit is 171 yuan per ton. The selling price is nearly twice that in China, and the gross profit is four times that in China. The price and gross profit of overseas countries in the screenshot of

the

announcement are outstanding, with an average price of 422 yuan per ton (159 yuan per ton gross profit) in Ethiopia, 603 yuan per ton (295 yuan per ton gross profit) in Mozambique, and 878 yuan per ton (173 yuan per ton gross profit) in Congo. Even if the average price of Uzbekistan is lower than that of China, it maintains the price of 215 yuan per ton (gross profit of 63 yuan per ton), and the gross profit rate per ton is higher than that of China. Under the

wide profit gap, the overseas market contributed 80% of the group's gross profit and became the absolute main force of profit growth. The first 10,000-ton cement line

in

Western Africa has blossomed in many overseas regions. The capacity utilization rate of Lemi Cement Plant in Ethiopia has reached 64% after putting into operation, and the capacity utilization rate of Dugongo Cement Plant in Mozambique has reached 99%. Uzbekistan, Congo and other markets have also been steadily promoted. A mature overseas business layout has been formed.

In order to concentrate resources and cultivate overseas high-potential markets, the Group launched major asset optimization actions. In August

2025, the Group completed the sale of all cement businesses in Xinjiang, with a withdrawal of about 1.65 billion yuan, part of which was used to repay senior notes and optimize the financial structure . At the same time, the Group is conducting preliminary discussions on the sale of some domestic assets. We will further divest non-core domestic assets, reduce the debt ratio, and tilt capital and management resources overseas.

At the same time of asset sales, the Group actively launched overseas mergers and acquisitions, and completed the acquisition of Kinshasa Cimenterie de Lukala Cement Plant in December 2025, extending its business coverage to Western Congo and improving its business map in Africa.

Looking forward to the future, the overseas strategy of Western Cement will continue to deepen. The domestic market relies on infrastructure projects in Shaanxi and other places to stabilize the basic market, while the overseas market accelerates the construction of production capacity. Uganda's cement and grinding capacity is expected to be put into operation in 2026, and the construction of Nampula Cement Plant in Mozambique is steadily advancing. With the continuous promotion of domestic asset optimization and the gradual release of overseas production capacity, Western Cement will further consolidate its market position in sub-Saharan Africa and Central Asia, with overseas business as the core, to achieve sustained breakthroughs in enterprise development.

On April 9-10, China Cement Network will hold the 15th China Cement Industry Summit and TOP100 Award Ceremony in Hangzhou. At the same time, the " Cement Economy Fifty People Forum (C50) " was held. The Summit will build a platform for the docking of supply and demand and the collision of ideas, explore the path of green transformation and intelligent upgrading from the dimensions of macroeconomic insight, industrial chain synergy and technological innovation breakthroughs, plan a layout for the "15th Five-Year Plan" green development of the industry, and work together to create a new chapter of high-quality development!