BBMG (02009) announced its annual results for the period ending December 31, 2025. The group recorded operating revenue of 91.113 billion yuan, a decrease of 17.7% compared to the previous year. The net loss attributable to owners of the parent company was 1.009 billion yuan, widening by 81.83% year-on-year. Basic loss per share attributable to owners of the parent company (excluding interest on other equity instruments) was approximately 0.19 yuan. The board proposed a final dividend of 0.05 yuan per share.

During the reporting period, the core business revenue from the new green building materials segment reached approximately 79.58 billion yuan, an increase of about 1.7% year-on-year. The gross profit for this segment was approximately 8.064 billion yuan, up by about 11.9% compared to the prior year.

Sales of cement and clinker totaled approximately 83.45 million tons (excluding approximately 5.17 million tons from the company's joint ventures and associates), representing a decrease of about 1.1% year-on-year. Within this, cement sales were approximately 73.32 million tons (excluding about 4.63 million tons from joint ventures and associates), down by roughly 2.8% from the previous year. Clinker sales amounted to approximately 10.13 million tons (excluding about 540,000 tons from joint ventures and associates), an increase of about 13.4% compared to the same period last year. The comprehensive gross profit margin for cement and clinker was about 20.9%, an improvement of approximately 5.0 percentage points year-on-year.

The concrete business achieved a sales volume of approximately 15.69 million cubic meters, an increase of about 20.3% year-on-year. The average selling price for concrete was 279.3 yuan per cubic meter, a decrease of approximately 25.5 yuan per cubic meter compared to the previous year. The gross profit margin for concrete was about 10.7%, up by around 2.2 percentage points year-on-year.

For the property development and operations segment, core business revenue was approximately 11.498 billion yuan, a decrease of about 64.9% compared to the previous year. The gross profit for this segment was approximately 2.638 billion yuan, down by about 36.4% year-on-year. The completed and handed over area was 531,800 square meters, a reduction of approximately 51.8% year-on-year. Of this, the area for commercial housing handovers was 426,000 square meters, down by about 56.5%, while the area for policy housing handovers was approximately 105,800 square meters, a decrease of about 14.9%. The cumulative contracted sales value was approximately 10.912 billion yuan, a decline of about 19.0% year-on-year. The cumulative contracted area was about 507,700 square meters, a decrease of approximately 24.5% compared to the previous year.

As of the end of the reporting period, the company's total equity land bank area was 5.4637 million square meters.