华新水泥2025年中期报告

HUAXIN CEMENT CO., LTD.* :6655 20240.46 3 4 6 14 15 18 26 27 . Huaxin Cement Co., Ltd.HUAXIN CEMENT . 0086 27 877738980086 27 87773992investor@huaxincem.com0086 27 877738980086 27 87773992investor@huaxincem.com . 600426B33191917430073www.huaxincem.cominvestor@huaxincem.com . www.sse.com.cnwww.hkexnews.hk . 1. 20255.3%1–624.872.8%4.6%11.2% 2025168.154.3%2025 2. 1720300 50050020256301.26548,4043.06.69518940803008271,824 202563057%EBITDA44% . 1907500 2024 . 2025 160.461.17%11.0351.05%2,773.662.63%838.8410.41%7,605.266.33%1,324.809.88% 91.525.60%50.241.26%41.2815.37%27.636.72%34.5712.33% 25.71329.959.42231.825.0836.322.8518.927.28260.9210.35226.7020.84%23.65%5.2729.74%47.91%13.12%20.71%47.41%11.61% 301,1503,000Simuma21,5004,00010(EMBU SAENGENHARIA E COMERCIO)100%2,0003,00020.9419.40%14.1022.30%5.4814.85%3.9910.65%1.5110.43%21.8112.22%13.010.95%8.2939.06%6.2155.98%4.7444.14%1.560.680.430.270.18 131,169.82792024ESGA+2024 . 1. (1)(2) 3. (1) 350.10304.88 358.63198.03 1–560.8449.8%50.6% (2) (3) (1) (4) 202512.38 (5) (6) (34) .2025 2025712024 . . 11,116,207,81831.75% . 1.2025317ITATUBA PARTICIPAÇÕES LTDAA100%EMBU S.A. ENGENHARI A E COMÉRCIOB40%AB 60% 2.20253 19202520258 29Caricement B.V.DavisPeak HoldingsLimitedLafarge Africa Plc 3. 4. . . 1.202563045,661A45,651H10 2. 3. 2025630336XV235% (1)2025630 (2)Conch International Holdings (HK) Limited2025722H14,885,400ConchInternational Holdings (HK) Limited77,903,069 H10.60%3.75% 2025630336XV235% 4. 7,195,677A6,380,038815,639 . 64 2025715Olivier Milhaud2025 2025821Olivier Milhaud Martin KriegnerOlivier Milhaud 20257 20257 . 2025630XVXV78352C3 2025630XVXV78352 . . . 202563019,902 Mini-MBAAI2 . 1.2020–2022 2020–20252020–202220209252020 ABAB6.1A2.1B4.0A 2023692020–20222020–2022 202372020232023A2023H2020–20222020–2022 2023828 20231028 2024526 20241028 2020–2022 (1)(2)(3)20201029A23.652022531A19.51(4) 2020–202270,463 17.07(3) 2020–2022 AB72202010292026102820252020–202211 2.2023–2025 20236302023–2025 202372020232023–20252023–2025 2023–202532023–2025332.235A 2023–20252023 2023831 2023927 202312282023–202520232023–202520232023–20252023 20245212023–20252023 2024927 2023–20252023 (1)2025630(2)(3)(4)2023928A14.87(5) 2023–2025202355,903 17.07(3) 2023–20252023 60202392820289272/31220253 20245212023–20252024 2024930 202412242023–202520242023–202520242023–20252024 2023–20252024 (1)(2)(3)(4)(5)(6)2024101A14.23(7) 2023–2025202455,270725,184 17.07(3) 2023–20252024 60202410120299302/31220254 20255272023–20252025 . C120256306 . 2025 . C1 . . 202571520251052.08%2025715 2025630 —2025630 —2025630 2025630 —2025630 —2025630 20251–6 5556 57 —20251–6 20251–6 —20251–6 20251–6 —20251–6 20251–6 —20251–6 20251–6 20251–6 . 1. √ 19931130AH426 2025829 . 1. —15— 2. √ 202563015,764,521,24717,597,042,515 . √ 1. 20256302025 2. 111231 3 √ 4 5 √ . 6 √ 7 √ 8 √ . 9 10 √ . 11 √ (1) (1) (2) (2) . 11 (2) . 11 (3) (4) 12 . 11 (4) 1 . 11 (6) 12 √ 13 √ . 14 √ . 15 (1). √ (2). . 16 √ 17 √ 3 . 18 (1). (2). √ 19 √ . 19 20 √ 21 √ 22 (1). √ . 22 (2). √ (3). √ (4). √ 23 √ . 24 √ 25 √ (1) (2) . 26 (1). √ (1) (2) (2). √ . 27 √ (1)(2)(3) (1)(2) 28 √ . 28 29 √ (1) (2) (1) (2) . 29 30 √ √ . 30 12 √ . 31 (1). (2). . 31 (2). 32 √ 33 (1).√(2).√(3).2025√ 34 √ 1 2 √ 2.1 202315%15% 202215%15% 202215%15% [2020]3115% [2020]232021203015% 2023382024202715% 2 2.1 1346 [2022]11,20221120251231 2.2 [2015]7870% 3 √ 1 √ 2 √ 3 (1). √ (2). √ (3). √ 4 (1). √ (2). √ 4 (2). √ 4 (2). √ √ 4 (2). √√√ (3). √ 4 (4). √ √√ 135,943 (5). √ 5 (1). (2). √ (3). √ (4). √ 6 (1). √ √ 7 √ (1).√ (2).√ √ 7 (5).√√√(6).√ 7(7).√√ 8 (1). √ (2). √ 8 (3). √ 9 √ 10 (1). √ 11 (1). √ 12 (2). √ 121.4988%5.2173% 13 √ 13 (1).√ 13 (2).√ 14√ (1).√ 14(2).√ (3). √ 15 (1). √ 16 (1). √ 17 (1). √ (2). √ 18 19 (1). 19 (2). (3). √ 19 (4). √ √ 5 20 √ 21 (1). √ 2202563020241231 (2). √ 22 √ 23 (1). √ 24 (1). √ (2).1 √ (3). √√ 3 25 (1). √ 25 (2). √ (3). √ √ 0.1–20%0.5–1% 27 (1). (2). √ 27 √√ (3). √ (4). √ 27 281 √ 29 (1). √ 20256301.35%19.53%202412311.35%11.19% 1202563020241231 30 (1). √ 30 (2). √ (3). √√ (4). √ 30 (4). √ 31 √ 32 √ 33 √ (1). √ — (2). √√√ √ √ √ 1 34 1 2 35 √ 36 37 √ 38 √ 39 √ 202561,941,78423,329,852.60 40 √ 41 42 √ 10%50% 50%,20251–62024 44 (1). 44 (2). √ (3). √ 44 (4). √ 2025630712,303,373220241231715,946,3032 (5). √ 45 √ 46 47 49 50 √ 51 52 53 √ 56 57 (1). (2). 58 (1)(2) 59 (1). √ (2). √√ 59 (2). √ (3). √ 59 (3). (4). √ (5). √ 60 √ 60 (2). √ (3). √ (4). √ 60 (5).√(6).√ 61 61 (2). √ 62 (1). √