China Resources Building Materials Technology (1313) Q3 2025 earnings summary

Executive summary

• Turnover for the first nine months of 2025 decreased by 4.5% year-over-year to RMB 15,069.6 million.

• Profit attributable to owners rose 7.3% to RMB 331.0 million.

• Earnings per share grew 7.3% year-over-year to RMB 0.047.

Financial highlights

• Gross profit increased 6.4% year-over-year to RMB 2,550.2 million, with gross margin improving by 1.7 percentage points to 16.9%.

• Gearing ratio was 35.9% as of September 30, 2025.

• Cash and bank balances nearly doubled to RMB 3,361.2 million as of September 30, 2025.

• Net assets per share increased to RMB 6.35.

• Equity attributable to owners was RMB 44,340.3 million, up 0.5% from year-end 2024.

Segment performance

• Cement turnover declined 12.3% year-over-year, while concrete and aggregates turnover rose 11.9% and 21.3%, respectively.

• Cement products sales volume fell 10.9% year-over-year, but concrete and aggregates sales volumes increased 52.1% and 26.6%, respectively.

• Average selling price for cement products dropped 10.6% year-over-year, while aggregates prices rose 2.8%.

• Gross margin for cement products improved to 17.1% from 12.6% year-over-year.

• Aggregates gross margin declined to 25.4% from 38.6% year-over-year.