On July 22, the 2019 Fortune Global 500 list was released. China National Building Materials Group entered the list for the ninth consecutive year with an operating income of US $52.6 billion, ranking 203rd, 40 places higher than the previous year, surpassing the 226th French Saint-Gobain Group, and topped the list of global building materials companies for the first time. At the same time, Irish CRH ranked 397, Anhui Conch Group ranked 441 and Lafarge Haorui ranked 447.
2018 is the first year for the group to implement the spirit of the party's 19th congress. This year, in accordance with the working principle of "stabilizing growth, adjusting structure, grasping reform and strengthening party building", China Building Materials Group adhered to the three major strategies of innovation-driven, green development and international cooperation, centering on the three curves of basic building materials, new materials and engineering and technical services, focusing on high-quality development as the main line, focusing on the medium-and long-term development strategy and objectives and tasks of "335", and speeding up the transformation of high-end, intelligence, green and service, make every effort to do a good job in operation and management, integration and optimization, reform and innovation, and strengthen party building. New progress and breakthroughs have been made in various tasks, and the group has taken solid steps in the journey of high-quality development. In 2018, the group achieved a year-on-year increase of 36.4 in total profits, a year-on-year increase of 15.2 in operating income, and a total social contribution of 78.6 billion billion yuan. It won double A- level and three special awards in the performance evaluation of central enterprises in 2018 and 2016-2018.
In the list of the world's top 500 companies announced this time, the number of Chinese companies has reached 129, surpassing the United States (121) for the first time in history. Among these 129 Chinese companies, China National Building Materials Group is the top company in my country's building materials industry. China National Building Materials Group is not only a leader in my country's building materials industry, but also the world's largest building materials manufacturer and integrated service provider, and the world's leading material developer. For more than ten years, China Building Materials Group has bravely assumed the important task of leading the healthy development of the industry. Large-scale joint reorganization has promoted the concentration of my country's cement industry, advocated and practiced the concept of market competition and cooperation, insisted on peak-shift production, insisted on restricting new additions, and insisted on eliminating Backwardness and industry self-discipline have held up a big umbrella for the industry to win symbiosis and make outstanding contributions to promoting the supply-side structural reform of my country's building materials industry.
In the first half of this year, China National Building Materials Group continued to maintain a good momentum of development. Operating income increased by 15% year-on-year, total profit increased by 40% year-on-year, net profit increased by 49% year-on-year, and asset-liability ratio, accounts receivable and inventory all declined. Operating performance exceeds the average level of central enterprises. In the next step, China National Building Materials Group will keep its feet on the ground and make persistent efforts to move towards a new era of high-quality development in an all-round way, and strive to build a world-class building materials company with global competitiveness.
