Anhui Conch Cement Company (914) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was RMB 20.01 billion, down 11.42% year-over-year; year-to-date revenue was RMB 61.30 billion, down 10.06% year-over-year.

• Net profit attributable to shareholders for Q3 2025 was RMB 1.94 billion, up 3.41% year-over-year; year-to-date net profit was RMB 6.30 billion, up 21.28% year-over-year.

• Total profit for Q3 2025 was RMB 2.60 billion, up 7.65% year-over-year; year-to-date total profit was RMB 8.44 billion, up 24.03% year-over-year, mainly due to lower product sales costs.

Financial highlights

• Basic and diluted EPS for Q3 2025 were RMB 0.37, up 3.41% year-over-year; year-to-date EPS was RMB 1.19, up 21.29% year-over-year.

• Weighted average return on net assets for Q3 2025 was 1.02%; year-to-date was 3.33%.

• Net cash flow from operating activities for the first nine months was RMB 11.10 billion, up 7.27% year-over-year.

• Total assets at 30 September 2025 were RMB 255.34 billion, up 0.28% from year-end 2024.

• Owners' equity attributable to shareholders was RMB 190.38 billion, up 1.30% from year-end 2024.

Outlook and guidance

• Management highlighted improved profitability due to cost reductions, despite revenue decline.