China Resources Building Materials Technology (1313) Q3 2024 earnings summary

Executive summary

• Turnover for the nine months ended 30 September 2024 was RMB15,774.6 million, down 13.1% year-over-year.

• Profit attributable to owners was RMB308.6 million, a 51.6% decrease year-over-year.

• Basic earnings per share for the period was RMB0.044, compared to RMB0.091 in the prior year.

Financial highlights

• Gross profit for the period was RMB2,397.7 million, down 14.5% from the prior year.

• Gross margin was 15.2%, a decrease of 0.3 percentage points year-over-year.

• Total assets as of 30 September 2024 were RMB73,085.2 million, up 0.4% from year-end 2023.

• Equity attributable to owners was RMB44,270.4 million, up 0.4% from year-end 2023.

Segment performance

• Cement turnover was RMB10,115.3 million, with sales volume of 42,287,000 tons at RMB239.2/ton.

• Concrete turnover was RMB2,771.9 million, with sales volume of 8,293,000 m³ at RMB334.2/m³.

• Aggregates turnover was RMB1,677.6 million, with sales volume of 46,283,000 tons at RMB36.2/ton.

• All major product segments saw lower average selling prices and volumes compared to the prior year.