Asia Cement China (743) Q3 2025 earnings summary

Executive summary

• Reported unaudited consolidated profit attributable to owners of RMB 146.3 million for the nine months ended 30 September 2025, a significant turnaround from a loss in the prior year period.

• Revenue for the period was RMB 3.73 billion, down from RMB 4.12 billion year-over-year.

• The Board does not recommend a dividend for the first nine months of 2025.

Financial highlights

• Gross profit increased to RMB 563.9 million from RMB 224.9 million year-over-year.

• Profit before tax was RMB 213.5 million, compared to a loss of RMB 273.3 million in the same period last year.

• Basic earnings per share were RMB 0.093, compared to a loss per share of RMB 0.293 year-over-year.

• Net cash from operating activities rose to RMB 423.1 million from RMB 258.8 million year-over-year.

Outlook and guidance

• Expects the property sector to remain in deep adjustment, limiting cement demand in the short term.

• Anticipates mild recovery in national cement demand in Q4, supported by key infrastructure projects.

• Market performance in Q4 expected to improve over Q3 but remain below last year's strong Q4.

• Will focus on high efficiency, quality, service, and environmental protection to maintain market share.