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China Building Materials Shares Releases 2022 Interim Results


Release date:

2022-08-31

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On August 29, China Building Materials Co., Ltd. held a 2022 interim results conference. Zhou Yuxian, Secretary of the Party Committee and Chairman of China Building Materials Group, Secretary of the Party Committee and Chairman of China Building Materials Co., Ltd., Chang Zhangli, Deputy Secretary of the Party Committee of China Building Materials Group, Deputy Secretary of the Party Committee, President and Executive Director of China Building Materials Co., Ltd., led the management of the company and the chairman, general manager, chief financial officer and secretary of the board of directors to attend the meeting and communicate with investors and analysts.

On August 29, China Building Materials Co., Ltd. (HK.03323, hereinafter referred to as "China Building Materials Co., Ltd" or "Company") held a 2022 interim results conference. Zhou Yuxian, Secretary of the Party Committee and Chairman of China Building Materials Group, Secretary of the Party Committee and Chairman of China Building Materials Co., Ltd., Chang Zhangli, Deputy Secretary of the Party Committee of China Building Materials Group, Deputy Secretary of the Party Committee, President and Executive Director of China Building Materials Co., Ltd., led the management of the company and the chairman, general manager, chief financial officer and secretary of the board of directors to attend the meeting and communicate with investors and analysts.

Zhou Yuxian delivered a speech on behalf of the group and the board of directors of China Building Materials Co., Ltd., expressing heartfelt thanks to the shareholders, investors, analysts and other parties who have cared about and supported the development of China Building Materials Co., Ltd. for a long time, and expressed heartfelt thanks to the company and its management teams for their efforts. Zhou Yuxian said that in June this year, China Building Materials Group was officially transformed into a state-owned capital investment company. As an industrial investment group focusing on driving the materials industry, the group will guide, improve and improve the investment logic of China Building Materials from the aspects of investment concept, investment system and investment tools, increase professional integration, and promote more high-quality resources to listed companies, Take multiple measures to promote the high-quality development of listed companies. He exchanged some views on the development of the three business sectors and everyone.First, the basic building materials plate to optimize the path.China's economic development is resilient, and cement, as an important basic material, plays an irreplaceable and indispensable role in stabilizing growth and economy. The cement industry has formed a consensus to speed up the elimination of production capacity, in the face of overcapacity: first of all, through the wrong peak production to solve the short-term contradiction between supply and demand, and secondly, through the market and technology two types of methods to reduce production capacity, eliminate backward production capacity, once again make good use of the "double carbon" policy, from the technical, standards to completely solve the overcapacity. China Building Materials Co., Ltd. will continue to deepen the "cement", "internationalization", "double carbon" three tail-raising factors, and promote the long-term development of the basic building materials sector.Second, the new material plate to optimize the structure.China National Building Materials Co., Ltd. will continue to explore new materials with broad application prospects and huge growth space on the basis that the existing new material business can maintain its competitiveness, create sales revenue and net profit, and support the development of the new material sector step by step. The first echelon is currently a relatively mature product with a relatively high scale advantage and an income of more than 10 billion; the second echelon is a product that is rapidly growing into an income of more than 5 billion billion; the third echelon is an emerging product, and China Building Materials Co., Ltd. is actively cultivating Products. Through the ladder layout, continue to drive the development of new materials plate, so that the new materials plate profit contribution to further expand.Third, the engineering and technical service sector should optimize quality.The engineering and technical service sector has started integration and will increase the proportion of the transportation and equipment business on the basis of the existing EPC business. In the future, it is hoped that equipment manufacturing can not only support the development of new materials of China Building Materials Co., Ltd., but also step out of the building materials industry. Strive for market share and sales revenue of high-end manufacturing in a broader market.

Chang Zhangli introduced the company's business development. In the first half of 2022, the domestic and international environment is complex and severe, the downward pressure on the economy continues to increase, demand contraction, supply shocks, and weakening expectations. Companies and industries are facing severe tests. In the face of unexpected factors, the company's management with all the staff to overcome difficulties, forge ahead, cohesion, steady progress. The basic building materials sector continued to optimize and upgrade, vigorously developed "cement", and the proportion of aggregate profits continued to increase; the support of the new material sector was further strengthened, mature products promoted global layout, and continued to consolidate the leading position in the market; the engineering and technical service sector grew steadily, and the "double carbon" policy promoted development; business integration was promoted in an orderly manner, and the management integration of Xintianshan Cement was deepened, the second phase of basic building materials business integration and digital transformation integration, equipment business integration and other orderly progress. In the first half of 2022, the company's operating income was 109 billion yuan, its net profit was 5.45 billion yuan, its total assets were 485.9 billion yuan, its net assets were 103.1 billion yuan, and its basic earnings per share was 0.646 yuan. From January to June, the sales volume of cement clinker was 0.146 billion tons, commercial mixed sales volume was 0.039 billion square meters, aggregate sales volume was 0.058 billion tons, glass fiber yarn sales volume was 1.4062 million tons, gypsum board sales volume was 1.092 billion square meters, wind power blade sales volume was 7.54GW, lithium battery diaphragm sales volume was 0.497 billion square meters, carbon fiber sales volume was 3,888 tons, waterproof coiled material sales volume was 0.074 billion square meters, and engineering service income was 18.121 billion yuan.

Chen Xue'an, Vice President and Chief Financial Officer of China Building Materials, Cai Guobin, Vice President, Xiao Jiaxiang, Executive Director and President of New Tianshan Cement, Pei Hongyan, Secretary of the Board of Directors of China Building Materials, Xue Zhongmin, Vice President of China Building Materials and Chairman of Sinoma Technology, Liu Yan, Vice President of China Building Materials and Chairman of Sinoma International, Wang Yulin, Chairman of Ningxia Building Materials, Duoecheng, Yin Zibo, Chairman of Beixin Building Materials, Yang Guoming, liu Fang, general manager of Zhongfu Shenying, and other leaders attended the meeting to have in-depth exchanges with investors and analysts on industry development, company business strategy, business sector development planning, investment plans, and debt reduction plans. Before this conference, the company increased the exhibition hall visit to allow investors and analysts to understand the company from multiple angles. China National Building Materials Co., Ltd. will continue to vigorously expand the company's communication channels, enhance multi-level and three-dimensional interaction with investors and analysts, and jointly build a benign ecology of investor relationship management.

A total of 203 investors and analysts attended the press conference. They affirmed the performance of CNBM, fully affirmed the company's achievements in high-quality development, internal quality improvement and efficiency, and expressed their confidence in the industry prospects and the company's future development.

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