Li Yeqing: Cement prices are at the bottom and will hover upward in the later period

On April 1, Huaxin Building Materials Group successfully held its 2025 annual performance conference in Hong Kong. Li Yeqing, President of Huaxin Building Materials, Chen Qian, Vice President and Chief Financial Officer, Ye Jiaxing, Vice President and Secretary of the Board of Directors, attended the event as exchange guests.

In 2025, Huaxin Building Materials made breakthroughs in deepening the four development strategies. The Company accelerated its global layout with a global vision and deepened its business synergy with the whole industry chain thinking, becoming the largest and most widely distributed enterprise in China's cement industry overseas at one stroke. Its total assets, operating income, total profit and staff size all achieved growth, and its performance and market value growth continued to lead the domestic counterparts. In the whole year, the Company achieved an operating income of RMB 35.348 billion, a year-on-year increase of 3.31%, which continued to reach a record high. The total profit was RMB 4.950 billion, and the net profit attributable to the shareholders of the parent company was RMB 2.853 billion, a year-on-year increase of 20.39% and 18.09% respectively. The company's outstanding performance and sustained potential have won high recognition and appreciation from the participants.

Looking forward to 2026, Li Yeqing said that the global cement demand and price are expected to remain stable in general; China's cement price has been at the bottom and will hover upward in the later period; sand aggregate and concrete are in an important stage of reshaping the pattern, and the price is steadily rising.

In 2026, as the beginning of China's 15th Five-Year Plan, Huaxin will continue to give full play to its advantages in system, management and technology, implement the four development strategies in an all-round way, and plan to spend more than 15 billion yuan on capital expenditure throughout the year, focusing on overseas mergers and acquisitions and existing cement production. The global sales of cement and clinker are about 67 million tons, the sales of aggregates are 190 million tons, and the business income is expected to exceed 40 billion yuan.