HX BLDG MAT (Huaxin Building Materials Group) reported 1H 2026 revenue of RMB 19.50 billion, a 21.5 % year-on-year increase, while net profit attributable to shareholders surged 55.22 % to RMB 1.71 billion. The rebound was underpinned by robust overseas operations and tighter cost controls.
• Segment momentum Cement remained the principal income driver, contributing 66.58 % of group turnover. Segment revenue climbed 41.85 % to RMB 12.98 billion, with overseas cement operations accounting for RMB 8.54 billion. Group cement and clinker sales rose 25.42 % to 34.79 million t; overseas volumes jumped 57.06 % to 13.18 million t. Aggregates sales reached 86.33 million t (+13.51 %), while ready-mixed concrete (RMX) deliveries totalled 12.17 million m³.
• Expanding margins Group gross margin widened 2.63 percentage points to 31.55 %. Cement and clinker margin improved 4.36 points to 34.59 %; RMX margin rose 2.99 points to 16.11 %; aggregates sustained a solid 38.30 %.
• Cash generation and leverage Operating cash flow advanced 65.86 % to RMB 2.69 billion. Net cash used in investing narrowed to RMB 1.36 billion after lower M&A outflows, while financing activities consumed RMB 1.61 billion, reflecting debt repayments and dividend distributions to non-controlling interests. Interest-bearing liabilities stood at RMB 24.11 billion; the asset-liability ratio eased to 52.96 % from 53.87 % at end-2025. Cash and bank balances totalled RMB 8.84 billion.
• Capital expenditure and capacity First-half capex reached RMB 1.13 billion, focused on overseas line upgrades and green projects. Group cement capacity was 138 million t per year, with overseas operations exceeding 40 million t.
• Overseas growth highlights New facilities came online in Zimbabwe and South Africa, while Mozambique and Nigeria projects advanced toward commissioning. Preparatory work for acquiring a 67.6 % stake in Holcim Philippines (announced 31 July 2026 for an initial USD 527 million) neared completion.
• Outlook Management anticipates stabilising domestic demand, gradual industry supply rationalisation, and sustained growth in emerging markets. The group will continue to prioritise “Overseas Multi-business Development”, domestic cost optimisation, low-carbon initiatives and digital transformation.
• Dividend No interim dividend was proposed for the period.
HX BLDG MAT stated that its diversified global footprint and tighter cost discipline position the company to navigate ongoing industry volatility while pursuing international expansion.
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