Anhui Conch Cement Company (914) investor relations material

Executive summary

• Revenue for the first half of 2026 was RMB36,927 million, down 10.88% year-over-year, with net profit attributable to equity shareholders at RMB2,527 million or RMB2,720 million, a decrease of 41.85%–42.76% year-over-year.

• The cement industry faced weak demand, intensified competition, and rising energy costs, leading to lower profitability and increased operational pressure.

• The group focused on cost control, operational resilience, and international expansion, while advancing green, digital, and intelligent transformation.

• Overseas business showed growth in both volume and price, while domestic sales suffered from lower prices.

Financial highlights

• Gross profit margin for self-produced products was 22.46%, down 6.40 percentage points year-over-year.

• Net cash flow from operating activities was RMB4,516 million, down 45.83% year-over-year.

• Basic earnings per share were RMB0.48–0.52, down from RMB0.84 in the prior year period.

• Interim dividend of RMB0.13 per share declared, totaling RMB679.9 million, representing 26.91% of net profit.

• Total assets at 30 June 2026 were RMB252,464 million, a 1.57% decrease from year-end 2025.

Outlook and guidance

• The group expects continued pressure on cement demand due to real estate market adjustments, but anticipates some support from infrastructure investment.

• Plans include deepening domestic and overseas market presence, optimizing marketing, expanding the building materials service portfolio, and accelerating digital and green transformation.

• Focus on high-quality development, industrial chain extension, and new energy/environmental protection sectors.