On March 26, the 22nd meeting of the 11th Board of Directors of the Company was held in Wuhan. The Meeting deliberated and approved 14 proposals, including the "Annual Report 2025 and its abstract" and the "Profit Distribution Proposal 2025 of the Company".

In his report, CEO Mr. Li Yeqing pointed out that 2025 is a critical year for the Company to deepen the implementation of its four major development strategies and achieve breakthrough progress. Facing the challenges of declining demand and intensifying competition in the domestic building materials industry, the Company accelerated its global footprint with a global perspective and deepened business synergy through a full-industry-chain approach. During the year, it became the Chinese cement company with the largest overseas capacity and the most extensive global presence. The Company achieved growth in total assets, operating revenue, total profit and employee headcount, continuing to lead its domestic peers in performance. In 2025, the Company’s global sales volume of cement and clinker reached 61.96 million tons, a year-on-year increase of 2.80%; aggregate sales volume amounted to 161 million tons, up by 12.19% year-on-year; and ready-mixed concrete sales volume reached 28.32 million cubic meters. For the full year, the Company achieved operating revenue of RMB 35.348 billion, representing a year-on-year increase of 3.31%; total profit was RMB 4.95 billion, and net profit attributable to shareholders of the parent company was RMB 2.853 billion, up by 20.39% and 18.09% year-on-year respectively.

Looking ahead to 2026, the Company will continue to strengthen its business mindset, enhance market presence, and deepen its focus on core markets. It will fully implement the four major development strategies, coordinate domestic and international business synergies and drive high-quality sustainable growth. By pursuing targeted cost reduction and efficiency enhancement, the Company will optimize its cost structure and fortify its bottom-line profitability. Efforts will also be accelerated to build a talent pool suited for global operations, laying a solid foundation for the Company’s long-term development.