On March 30, Jinyu Group released its annual report for 2025. In 2025, the Group achieved an operating income of RMB91.113 billion (the same below), representing a year-on-year decrease of 17.7%; the net loss attributable to the owners of the parent company was RMB1.009 billion, which was larger than that of the previous year; the basic loss per share attributable to the shareholders of the parent company (excluding the interest on other equity instruments) was approximately RMB0.19; It is proposed to pay a final dividend of 0.05 yuan per share. During the

reporting period, the operating revenue from the main business of the new green building materials segment was approximately RMB79.58 billion, representing a year-on-year increase of approximately 1.7%, and the gross profit from the main business of the new green building materials segment was approximately RMB8.064 billion, representing a year-on-year increase of approximately 11.9%. During the Reporting Period, sales of cement and clinker amounted to approximately 83.45 million tonnes (excluding approximately 5.17 million tonnes of the Company's joint ventures and associates), representing a year-on-year decrease of approximately 1.1%. In particular, the Group sold approximately 73.32 million tonnes of cement (excluding approximately 4.63 million tonnes of joint ventures and associates), representing a decrease of approximately 2.8% as compared with the corresponding period of last year, and sold approximately 10.13 million tonnes of clinker (excluding approximately 540,000 tonnes of joint ventures and associates), representing an increase of approximately 13.4% as compared with the corresponding period of last year. The sales volume of concrete business was approximately 15.69 million m3, representing a year-on-year increase of approximately 20.3%, the selling price of concrete was RMB279.3 per m3, representing a year-on-year decrease of approximately RMB25.5 per m3, and the gross profit margin of concrete was approximately 10.7%, representing a year-on-year increase of approximately 2.2 percentage points. During the
reporting period, the operating revenue from the principal business of the real estate development and operation segment was approximately RMB11.498 billion, representing a year-on-year decrease of approximately 64.9%. The gross profit from the principal business of the real estate development and operation segment was approximately RMB2.638 billion, representing a year-on-year decrease of approximately 36.4%. The carry-over area was 531800 square meters, a decrease of about 51.8% over the previous year, of which the carry-over area of commercial housing was 426000 square meters, a decrease of about 56.5% over the previous year, and the carry-over area of policy-oriented housing was about 105800 square meters, a decrease of about 14.9% over the previous year. Decreased by approximately 19.0% as compared with the same period of last year. The total contracted area was approximately 507,700 square meters, representing a decrease of approximately 24.5% as compared with the same period of last year. As at the end of the reporting period, the total equity area of land reserve owned by the Company was 5,463,700 square meters.
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