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Asia Cement China (743) investor relations material
Asia Cement China Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M 2026 attributable net loss of RMB300.854m, versus attributable profit of RMB146.272m in 9M 2025.
Performance reflected lower revenue and gross profit amid weak cement demand, price pressure and high coal costs.
Financial highlights
Revenue was RMB3,329.248m versus RMB3,731.711m in 9M 2025; gross profit was RMB133.889m versus RMB563.931m.
Operating expenses included selling and distribution costs of RMB302.698m, up from RMB258.673m, and administrative expenses of RMB209.970m versus RMB212.680m.
Loss before tax was RMB273.671m, compared with profit before tax of RMB213.523m; net loss was RMB309.147m versus net profit of RMB149.773m.
Net cash from operating activities was RMB232.953m versus RMB423.121m; investing activities used RMB113.360m versus RMB694.665m.
Outlook and guidance
Q4 cement prices are expected to rise amid volatility, supported by infrastructure investment, year-end construction, staggered peak production and high coal prices; demand-side improvement remains limited.
Target is quarter-on-quarter operating performance improvement in Q4 through end-user and major-project sales, cost controls and transport and storage synergies.
Full-year cement prices are expected to remain significantly below the prior year despite the September rebound; regional recovery and price increases will vary.
- Net loss of RMB99.7 million on 8% lower revenue, with gross margin down to 9%.743
Q2 2026 - Q1 2026 posted a net loss amid weak demand and price volatility, with H2 improvement expected.743
Q1 2026 - Net profit rebounded to RMB89 million despite a 13% revenue drop, with improved gross margin.743
Q4 2025 - Returned to profitability in 2025 amid weak cement demand and ongoing industry challenges.743
Q3 2025 - Net profit rebounded to RMB117.0 million on improved margins despite a 7% revenue decline.743
Q2 2025 - Net loss of RMB458.998 million and revenue down 28% amid weak cement demand in 2024.743
Q3 2024 - Revenue and profit declined sharply amid weak demand; privatisation proposal announced.743
Q2 2024 - Q1 2025 saw a return to profit and improved margins amid weak cement demand and rebounding prices.743
Q1 2025 - Revenue and profit declined sharply as weak demand and price competition persisted.743
Q4 2024
Next Asia Cement China earnings date
Next Asia Cement China earnings date
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