On 9 April, Huaxin Cement Co., Ltd successfully held the 2023 result briefing in Hongkong. CEO Li Yeqing, Vice President and Board Secretary Ye Jiaxing, Vice President and CFO Chen Qian attended the event for the exchange. Over 50 institute investors domestic and abroad including CITIC, CICC, Morgan Stanley, CLSA, Guotai Junan, Changjiang Securities, Zhongtai Securities joined the exchange. The briefing was hosted by Ye Jiaxing.

Li Yeqing，Ye Jiaxing, and Chen Qian made brief introductions on the trend of industry, the Company, the corporate strategy, 2023 operation highlights and financial performance and 2024 outlook respectively. And they conducted further exchanges with investors and analysts in terms of the development strategy, recent operations, market outlook of cement, aggregate and RMX as well as the impact of carbon emission policies.

Against the backdrop of “chilly winter” of China’s building materials industry, Huaxin pushed ahead steadily by implementing the strategy of “Integration transformation, overseas expansion, new building materials expansion and traditional industry + digital innovation”, outperforming against the headwind. In 2023, the total sales volume of cement (including clinker) amounted to 61.90 million tons, an increase of 2.48% compared with last year; the sales volume of aggregate was 131.37 million tons, an increase of 100% against last year; RMX sales was 27.27 million m3, increasing by 66%. The operating income achieved 33.757 billion RMB, up by 10.8% over last year. The net profit attributable to shareholders of the company was 2.76 billion RMB, up by 2.34%. The overall operation was recognized and acclaimed by participants.

Looking into 2024, Li Yeqing said that despite of continuous decline in domestic demand for building materials, the supply side still held room for improvement. For overseas market, the opportunities and risks coexist. Huaxin will push ahead toward a clear strategic direction, remain committed to the philosophy of “Profit the aim, price the basis”, striving to achieve positive growth in the operating income, EBITDA, and OCF.

The result briefing aimed to focus the need of investors, express the value of investing to Huaxin, and continuously to enhance transparency, which received warm response from institute investors and analysts.