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Asia Cement China (743) investor relations material
Asia Cement China Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue declined 13% year-over-year to RMB5,109 million due to lower sales volume and average selling prices.
Net profit rebounded to RMB89 million from a loss of RMB263 million in 2024, driven by lower coal costs and improved gross margin.
Gross profit margin increased to 14% from 10% year-over-year.
The Group launched clinker export business in 2025 to offset domestic market weakness.
Financial highlights
Revenue: RMB5,109 million (down 13% year-over-year).
Gross profit: RMB700 million (up from RMB593 million in 2024).
Net profit: RMB89 million (vs. net loss of RMB263 million in 2024).
Basic EPS: RMB0.055 (vs. loss per share RMB0.168 in 2024).
Total assets: RMB19,802 million (up 1% year-over-year).
Net assets: RMB16,965 million (up 1% year-over-year).
Outlook and guidance
2026 cement demand expected to remain weak but decline will slow; infrastructure investment to partially offset real estate drag.
Cement prices likely to remain volatile at low levels; sales volume expected to slightly decrease in 2026.
Group to focus on efficiency, quality, service, environmental protection, and overseas market expansion.
- Revenue and profit declined sharply amid weak demand; privatisation proposal announced.743
Q2 20241 Dec 2025 - Q1 2025 saw a return to profit and improved margins amid weak cement demand and rebounding prices.743
Q1 20251 Dec 2025 - Net profit rebounded to RMB117.0 million on improved margins despite a 7% revenue decline.743
Q2 20251 Dec 2025 - Returned to profitability in 2025 amid weak cement demand and ongoing industry challenges.743
Q3 202528 Oct 2025 - Net loss of RMB458.998 million and revenue down 28% amid weak cement demand in 2024.743
Q3 202413 Jun 2025 - Revenue and profit declined sharply as weak demand and price competition persisted.743
Q4 20245 Jun 2025
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