PDF《DONGWU CEMENT INTERNATIONAL》

improve quality and services, stick to the path of building brand dominance;

strengthen marketing management, consolidate and expand sales network;

innovate unrelentingly and cultivate the Group'

s creativity. Externally, we pay assiduous attention to the development of up- and down-stream of the cement industry and the development of the associated industries, so as to expand outwardly in due course to scale up the Group and its revenue. We are confident that the Group will achieve better results and have a promising development future with its responsible attitude towards investors and its steering wheel in the hands of the experienced management team.

8 On behalf of the Board of Dongwu Cement International Limited and its subsidiaries, I would like to present to the Shareholders the report for the year ended

31 December 2014, together with audited consolidated financial statements. Financial Results In 2014, the sales volume of the Group'

s cement products amounted to approximately 1,364.6 thousand tonnes, representing a decrease of approximately 2.8% from 2013;

the revenue amounted to approximately RMB340,093,000 representing a decrease of approximately 5.3% from 2013;

the gross profit margin amounted to approximately 5.41%, representing a decrease of approximately 7.01% from

2013 in absolute terms. Further details are set out in the section headed Management Discussion and Analysis. For the year ended

31 December 2014, profit attributable to the Shareholders and the basic earnings per share were RMB5,741,000 and RMB0.011, respectively. Dividends The Board does not recommend payment of any final dividend for the year ended

31 December 2014. Business Operation in

2014 Benefitting from the structural consolidation across the cement industry and the energy conservation and emission reduction in the second half of 2014, the sales volume, revenue and gross profit margin of the Group all exhibited a significant upward movement in

2014 as compared to previous year. The Group entered into the Cooperation Agreement through Suzhou Dongwu, the wholly-owned subsidiary of the Company, with Hengtong Group Co. Ltd. (the Hengtong Group ), to establish a joint venture company, namely, Suzhou Dongtong Construction and Development Company Limited ( Dongtong ) (the Joint Venture ), which ........