China Resources Cement Holdings Ltd. announced audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported turnover of HKD 29,958,428,000 compared to HKD 25,647,464,000 a year ago. Profit before taxation was HKD 4,884,038,000 compared to HKD 2,158,414,000 a year ago. Profit for the year was HKD 3,592,617,000 compared to HKD 1,261,570,000 a year ago. Profit attributable to owners of the company was HKD 3,616,742,000 or HKD 0.554 per basic share compared to HKD 1,325,855,000 or HKD 0.203 per basic share a year ago.

The board of directors of the company inform the shareholders and potential investors of the company that, based on the preliminary assessment of the group's unaudited consolidated management accounts, the group's profit attributable to the owners of the company for the three months ending 31 March 2018 is expected to significantly increase as compared with that of the corresponding period in 2017, primarily attributable to the higher selling prices of cement products during the period. The average selling price of the group's cement products was HKD 386.9 from January to February 2018, as compared with HKD 291.3 for the same period in 2017, representing an increase of 32.8%.

Total payments for capital expenditure of the Group are expected to be approximately HKD 1,161.1 million and HKD 824.2 million in the years 2018 and 2019, which will be financed by borrowings and internally generated funds.