Investor Presentaiton

Financial Information Summary of Consolidated Balance Sheet Assets RMB '000 2020 As at 31 December 2021 Liabilities and Equity 中国西部水泥有限公司 WEST CHINA CEMENT LIMITED As at 31 December 2022 2023 RMB '000 2020 2021 2022 2023 Non-current assets Non-current liabilities Property, plant and equipment ("PPE") 11,161,110 13,884,979 18,195,355 20,809,466 Borrowings 600,548 Investment Properties 47,059 47,059 Senior Notes Right-of-use assets Mining rights Other intangible assets 643,185 539,903 823,707 1,117,095 827,334 833,809 MT Notes 1,232,842 1,291,448 1,457,917 3,876,911 4,204,158 712,284 2,719,404 4,324,193 208,186 232,195 1,528,031 543,560 1,728,434 Asset retirement obligation 347,413 430,705 Deferred income tax liabilities Interest in an associate 77,643 8,000 Deferred income 78,701 35,301 337,043 335,693 83,783 454,456 27,771 28,254 358,178 409,578 20,804 Interest in a joint venture 9,810 Equity investment at FVTPL 162,181 3,403 92,593 Amount due to a non- 37,128 controlling shareholder of a subsidiary 1,138,506 Loans receivables 524,091 323 401,847 396,109 Deferred income tax assets 42,673 92,463 190,639 Other long-term payables 165,980 Prepayment for right-of-use assets 3,433,311 792,826 887,028 7,122,106 7,372,506 100,278 58,506 38,511 26,600 1,093,088 8,925,245 Prepayment for mining rights 49,170 9,500 Deposit paid for acquisition of PPE 199,497 317,301 9,500 858,013 9,500 Current liabilities 395,357 Trade and other payables 3,003,112 4,375,905 5,423,026 5,981,403 Deposit paid for acquisition of subsidiaries 85,200 404,200 Current income tax liabilities 63,698 Deposits paid for acquisition of an associate MT Notes 164,257 Other deposits 23,123 Amount due from a joint venture 2,884 534,064 18,472 634,827 134,637 Borrowings Investment in entrusted product 81,855 Total liabilities 108,877 181,106 524,132 714,431 1,878,894 2,725,704 3,156,533 4,945,704 7,734,618 9,474,996 8,379,015 14,856,724 16,847,502 195,439 3,632,813 9,809,655 18,734,900 Restricted/ pledged bank deposits 13,735,914 17,813,465 23,389,144 70,000 25,092,784 Equity Current assets Inventories 731,434 1,111,169 1,488,858 Properties under development Trade and other receivables & prepayments 1,398,662 944,082 Minority interest Total equity Total Equity attributable to shareholders 10,330,802 11,313,548 12,031,353 12,283,445 1,748,635 Loans receivable 1,214,955 2,497,218 1,004,581 2,990,695 324,654 3,175,323 241,668 Total equity and liabilities 196,415 478,079 1,360,398 10,527,217 11,791,627 13,391,751 18,906,232 26,648,351 30,239,253 32,902,850 1,884,505 14,167,950 Structure deposits 100,000 Investment in entrusted product Restricted/ pledged bank deposits 723,831 81,855 632,348 621,627 Bank balances and cash 651,463 3,507,715 5,170,318 Total assets 18,906,232 8,834,886 26,648,351 1,424,275 6,850,109 30,239,253 1,127,669 922,662 7,810,066 32,902,850 24 24

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