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Asia Cement China (743) investor relations material
Asia Cement China Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported a consolidated net loss attributable to owners of RMB81.3 million for Q1 2026, compared to a profit of RMB3.1 million in Q1 2025.
Revenue for Q1 2026 was RMB1,020.5 million, down from RMB1,149.3 million year-over-year.
No dividend was declared for the first quarter of 2026.
Financial highlights
Gross profit declined to RMB75.3 million from RMB143.4 million year-over-year.
Operating loss before tax was RMB75.5 million, compared to a profit of RMB8.6 million in Q1 2025.
Basic loss per share was RMB0.052, versus earnings per share of RMB0.002 in Q1 2025.
Net cash used in operating activities was RMB98.9 million, compared to net cash from operations of RMB91.3 million in Q1 2025.
Outlook and guidance
Full-year cement demand expected to decrease moderately, with a slow pace of decline and better performance in the second half.
Infrastructure investment and key projects are expected to support demand, while new property construction remains weak.
Industry supply-demand balance may improve mid-term due to policy measures, but short-term price volatility will persist.
Strategic focus on cost reduction, efficiency, and market share expansion to improve performance in H2 2026.
- Net profit rebounded to RMB89 million despite a 13% revenue drop, with improved gross margin.743
Q4 20259 Mar 2026 - 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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