PPT of 2025 Annual Results Presentation

2025 Results Summary

Gross Margin

+0.2 ppt (YoY)

EBITDA

+2.7% (YoY)

Profit Attributable to Owners of

the Company

+127.3% (YoY)

Free Cash Flow

+103.9% (YoY)

Gearing Ratio

-3.9 ppt (YoY)

Capital Expenditure

-39.5% (YoY)

1

Contents

01

Industry Overview

Analysis of market dynamics, competitive landscape, and macro trends to gain insights into industry opportunities and challenges.

02

Financial Highlights

Comprehensive core financial indicator review, profit and cash-flow analysis and operating performance and risks assessment.

Cement Production: National & Regional National Cement Production (million tons)

1,825

1,693

2024

2025

2025 YoY

-7. 2%

Production of Operating Regions (million tons)

131

122

2024 2025

95

89

89

82

73

64

68

54

53 50

41 34

15 14

3

Cement Supply: New Clinker Capacity National New Clinker Capacity (million tons)

39.4

36.0 34.2

24.9

20.5 20.4

23.7

10.4

7.4

2017 2018 2019 2020 2021 2022 2023 2024 2025

Guangdong & Guangx i Capacity (million tons)

Guangdong Guangxi

13.4

7.8

8.7

6.6

3.1 4.7

5.6

13.4 4.9

2.8

4.7

4.7

3.1

3.3 1.4

1.

6

2.8

3.1

1.9

1.6 1.4

0.0

2017 2018 2019 2020 2021 2022 2023 2024 2025

4

Contents

01

Industry Overview

Analysis of market dynamics, competitive landscape, and macro trends to gain insights into industry opportunities and challenges.

02

Financial Highlights

Comprehensive core financial indicator review, profit and cash-flow analysis and operating performance and risks assessment.

Financial Performance: Key Indicators

Turnover (RMB million)

▼ 8. G%

23,038

21,055

2024

2025

Profit Attributable to Owners ▲ 127. 3% of the Company (RMB million)

479

211

2024

2025

Earnings per Share (RMB)

▲ 130. 0%

0.069

0.030

2024

2025

Net Assets per Share (RMB)

▲ 0. 8%

6.32

6.37

2024

2025

G

Dividend Payout (2017-2025)

0.548

0.595

0.615

0.520

0.270

0.129

0.047

0.030

0.038

2017

2018

2019

2020

2021

2022

2023

2024

2025

7

Turnover

2025 Turnover Breakdown

（%）

Aggregates

Others

5.3%

13.7%

Cement Products

20.8%

Concrete

G0.2%

Turnover by Product (RMB million)

23,038

21,055

Cement

Products Concrete

Aggregates

Others

2024

2025

8

Sales Volume Cement Products ('000 tons)

2025 Sales Volume

55, 421

YoY (2024: G1,714)

-10. 2%

Concrete ('000 m3)

2025 Sales Volume

15, 407

YoY (2024: 13,029)

+18. 3%

Aggregates ('000 tons)

2025 Sales Volume

85, 59G

YoY (2024: G9,352)

+23. 4%

Sales Volume by Quarter (2024 vs 2025)

2024

2025

17,839

13,033

15,930

13,981

15,994

14,912

14,118

11,328

1Q

2Q

3Q

4Q

4,943

3,742

3,587

4,73G

3,135

2,752

3,23G

2,305

1Q

2Q

3Q

4Q

27,003

20,354

22,257

15,982

23,0G9

14,158

15,339

1G,78G

1Q

2Q

3Q

4Q

Cement Products Concrete

Aggregates

9

Average Selling Price ASP by Quarter (2024 vs 2025)

2024

2025

252

244

243

233

237 259

220

205

1Q

2Q

3Q

4Q

355

334

320

294

284

2G0

301

304

1Q 2Q 3Q 4Q

37

37

3G

3G

35

37

32 32

1Q

2Q

3Q

4Q

Cement Products Concrete

Aggregates

10

Cost Structure of Cement Products Unit Cost (RMB/ton)

2024 Cost 208

2025 Cost 192

YoY：-8. 0%

Average Coal Purchase Price (RMB/ton)

2024 Price 802

2025 Price G70

YoY：-1G. 5%

Unit Cost Breakdown (2024 vs 2025) 2025 Unit Cost Breakdown (%)

Raw

Materials 18. 9%

Coal

3G. 3%

Others

31. 2%

Electrici ty

13. G%

Notes:

1. Exclusive of sales from related parties;

2. Others: Staff, transportation, depreciation, repairs and maintenance costs and other indirect costs 11

accounting for 8.2%, 4.2%, 10.9%, 4.2% and 3.7% respectively of total unit cost.

Gross Profit & Margin Product Gross Profit and Gross Margin (2024 vs 2025)

2025 Gross Profit by Quarter 2025 Gross Margin by Quarter

Cement Products Concrete

23%

17%

1G%

17%

13%

15%

14%

11%

1Q

2Q

3Q

4Q

Cement Products

Concrete

5G

42

40

4G

45

38

35

22

1Q

2Q

3Q

4Q

12

SGA Ex penses & Finance Costs

Selling, General & Administrative

Ex penses (RMB million)

3,055

425

2,848

421

2,G30

2,427

2024

2025

Selling & Distribution Expenses General & Administrative Expenses

YoY

↓ G. 8%

Finance Costs (RMB million)

53G

447

2024

2025

YoY

↓ 1G. 7%

13

Associates & JVs

Share of Results of Associates (RMB million)

Share of results of Joint Ventures

(RMB million)

Key Insights

• Losses from associates narrowed: losses decreased from RMB114 million in 2024 to RMB98 million in 2025, mainly due to reduced losses from associates in Fujian and Yunnan.

• JV performance steady: revenue contribution remained at RMB44 million, unaffected by market fluctuations.

14

Financial Position

Cash and Bank

Balances

(RMB million)

31 Dec 2024

2,235.2

31 Dec 2025

2, 401. 7

▲ +7.4%

Total Assets

(RMB million)

31 Dec 2024

71,9G3.1

31 Dec 2025

70, 393. 5

▼ -2.2%

Gearing Ratio

(%)

31 Dec 2024

34.G%

31 Dec 2025

30. 7%

▼ -3.9 ppt

Net Assets per Share

(RMB)

31 Dec 2024 G.32

31 Dec 2025

G. 37

▲ +0.8%

Notes:

1. Gearing ratio is calculated by dividing the total bank borrowing, loans from related parties and medium-term notes by equity attributable to owners of the Company.

2. Net assets per share is calculated by dividing equity attributable to owners of the Company by the number of 15 issued shares at the end of the year.

Cash Flow

1G

Key Insights

The Company maintained healthy cash flow from operating activities, with a significant decrease in outflows from investing activities (+53.5%), indicating capital expenditure optimization. Cash reserves increased to RMB2.4 billion at the

end of the year, providing ample liquidity to support future strategic development.

Capital Ex penditure

2019

Actual

202G

2025

2024

2023

2022

2021

2020

Expected

3, 24G

1, 831

3, 025

5, 209

4, 438

2, 825

10, 737

10, 434

17

Free Cash Flow (RMB million)

2022

2023

2024

2025

1, G74

821

-1, 291

-8, 070

Notes:

Free cash flow is calculated by operating cash flow minus capital expenditure.

18

Debt Structure

(RMB million)

Net Gearing Ratio Gearing Ratio

33.5% 3G.9% 34.G% 30.7%

18.9% 19.0%

13.8%

5.3%

28.0% 30.0% 28.4% 24.1%

191 194

-12.2% -13.G%

533

1,000

213

3,000

4,100 2,777

1,5-1G G,998

14,14G 1G,090 14,0G8

10,450

Notes:

Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25

Bank Loan

Mid-Term Loans Loans from Related Parties

1. Net gearing ratio is calculated by dividing net borrowings by equity attributable to owners of the Company.

2. Gearing ratio is calculated by dividing the total bank borrowings, unsecured bonds, loans from related parties and medium -term 19

notes by equity attributable to owners of the Company.

Disclaimer & Contact Information

This document is prepared by China Resources Building Materials Technology Holdings Limited (the "Company") solely for this investor presentation. Copying or redistribution of this document to any person is strictly prohibited. The distribution of this document in other jurisdiction may be restricted by laws of that jurisdiction, and persons who possess this document should observe such restriction. Apart from the figures extracted from our Annual Reports, other financial information or data has not been reviewed or audited by our independent auditor. The information contained in this document has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. The purpose of this document is not for complete or fully analysis made to the financial or trading position or prospect of the Company, and any person who will in possession of this document shall be aware that no reliance should be placed on the content contained herein. The information and opinions contained in this document are subject to change without notice. This document is not intended to constitute an offer to, or a solicitation for offer to sell, purchase or subscribe the securities of the Company. The Company or any of their respective affiliates, advisors or representatives shall not have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document.

This document may contain forward-looking statements that reflect risks and uncertainties. These forward-looking statements are generally expressed in forward-looking expressions, such as expectations, estimation,

planning, projections, goals, the possibilities, probabilities or so on to reflect the actions that the Company expects to or may take in future or the results from these actions. You should not have excess reliance on these forward-looking statements, which are based on our own information and other source of information that we consider reliable. Our actual results may differ from these forward-looking statements which may lead to the fluctuation of the share price of the Company.

Investor Relations Inquiries:

Tel:

E-mail: Website: Address:

(852) 3118 6800

crcement@crc.com.hkwww.cr-bmt.com

Room 3001-05, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong

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