China National Building Material Company (3323) H1 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 was RMB83.28 billion, down 0.2% year-over-year.

• Net profit attributable to equity holders rebounded to RMB1.36 billion from a loss of RMB2.02 billion in the prior year period.

• Basic earnings per share was RMB0.172, compared to a loss per share of RMB0.239 last year.

• Net assets stood at RMB192.78 billion as of June 30, 2025.

• No interim dividend was declared for the period.

Financial highlights

• Gross profit increased 20.6% year-over-year to RMB15.98 billion, and EBITDA rose 47.8% to RMB15.34 billion.

• Operating profit reached RMB6.74 billion, up from RMB2.44 billion.

• Net cash flow from operating activities was RMB2.38 billion, down from RMB2.99 billion a year earlier.

• Capital expenditure for the period was RMB14.05 billion.

• Total comprehensive income for the period was RMB4.05 billion, compared to a loss of RMB327 million last year.

Outlook and guidance

• The external environment remains uncertain, but infrastructure demand, new materials, and green development present opportunities.

• Focus areas for the second half include operational efficiency, industry transformation, internationalization, and ESG enhancement.