On August 24, Western Cement (02233) released its interim results as of June 30, 2026. During the reporting period, the company's revenue was 4.527 billion yuan, a decrease of 16.5% over the same period last year. Gross profit was 1.404 billion yuan, down 9.5% year on year. Profit attributable to owners of the Company was RMB379 million, representing a year-on-year decrease of 49.4%, and basic earnings per share was 6.9 cents, representing a year-on-year decrease of 49.6%. Gross profit margin increased to 31.0%, representing an increase of 2.4 percentage points over the same period last year. The total sales volume of cement and clinker was 10.54 million tons, representing a year-on-year decrease of 2.6%, of which the sales volume of cement was 9.3 million tons, representing a year-on-year decrease of 10.6%.
In the financial review section, the company's cost of sales was 3.123 billion yuan, down 19.2% year on year. The decrease in gross profit was mainly due to the decrease in sales volume and the fluctuation in selling price. The overall cement price increased from the same period last year, with an average selling price of 378 yuan per ton. As mentioned in the management discussion and analysis, due to the decline in national cement demand, the company's core business in China has performed poorly, resulting in a decline in both average selling price and gross profit. At the same time, investment in the international market began to bring returns, especially in sub-Saharan Africa and Central Asia, which continued to contribute significantly to the company's profits. In terms of
business segments, the sales volume of cement and clinker in overseas markets increased and contributed higher gross profit. In particular, the expansion in markets such as Ethiopia and Uganda has led to the growth of the company's overall business. The company expects to continue to seek growth opportunities in emerging markets in the future.
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