On March 27, the 2022 Annual Performance Conference of China National Building Material Company Limited (HK. 03323, hereinafter referred to as "China National Building Material Company" or "Company") was successfully held in Hong Kong. Zhou Yuxian, Secretary and Chairman of the Party Committee of China Building Material Group, Secretary and Chairman of the Party Committee of China Building Material Co., Ltd., Standing Committee and Vice General Manager of the Party Committee of China Building Material Group, Vice Secretary, President and Executive Director of the Party Committee of China Building Material Co., Ltd., Wei Rushan, Vice Secretary and Executive Director of the Party Committee of China Building Material Co., Ltd., Liu Yan, Vice President and Chief Financial Officer of China Building Material Co., Ltd. Pei Hongyan, Secretary of the Board of Directors and Chief Accountant, Xue Zhongmin, Vice President, and Yin Zibo, Chairman of Beixin Building Materials, attended the meeting and communicated with investors and analysts on the spot to give detailed answers to issues of concern to the capital market.
Zhou Yuxian expressed his heartfelt thanks to the investors and analysts who have long cared about and supported the development of China Building Materials Co., Ltd. and to the management team for their efforts.
Zhou Yuxian said that China's building materials shares are actively transforming towards high-quality development. In the short term, there are three changes in the operating indicators: first, the dividend ratio is continuously increasing, hoping to continue to create value for all shareholders; second, the net debt ratio is continuously decreasing, and will further decrease in the future; third, the net operating cash flow is continuously increasing, and will continue to increase in the future. In the long run, CNBM will cultivate new materials step by step, comprehensively promote internationalization, digitalization and greening, accelerate transformation and promote high-quality development.
The first transformation strategy is to vigorously develop new materials business, form business rolling development through step-by-step layout, and steadily increase revenue and profit contribution. The first echelon is new materials with relatively mature development, high scale advantage and sales revenue of more than 10 billion, including glass fiber, gypsum board and wind power blades; the second echelon is new materials with sales revenue of 5 billion, including lithium battery diaphragm, carbon fiber and waterproof system; The third echelon is new materials with billion-level sales revenue, including hydrogen cylinders, new graphite materials and coatings. China Building Material Co., Ltd. will vigorously develop new graphite materials through the establishment of China Building Material Graphite. By cultivating new material products step by step, the contribution of new material plate to the income and profit of China Building Materials Co., Ltd. will be continuously enhanced.
The second transformation strategy is to promote internationalization in an all-round way. We will strengthen the international layout of the basic building materials sector and the new materials sector, realize the internationalization of the whole business, the whole process and the whole elements, and rapidly enhance the comprehensive competitiveness of CNBM in the global scope through the combination of new construction and mergers and acquisitions, light assets and heavy assets.
The third transformation strategy is to vigorously promote the transformation of digitalization and greening. Promoting digital transformation is the inevitable requirement of conforming to the era of digital economy and building a digital China. China Building Materials Co., Ltd. will strengthen scientific and technological innovation, create the source of original technology for key materials, establish the concept of marketization, and promote the industrialization of scientific and technological innovation achievements. The digitalization of R & D and design, the intellectualization and digitalization of production and manufacturing, the digitalization of management process and the digitalization and agility of customer service. Green low-carbon transformation is the inherent requirement of the national "double carbon" policy, and also an important support to achieve high-quality development. China Building Materials Co., Ltd. will continue to make efforts in green low-carbon transformation, and continue to do a good job in source carbon reduction, process carbon reduction, end carbon sequestration and whole process carbon management.
Wei Rushan introduced the company's business development. In 2022, the KPIs of CNBM are basically in line with expectations, and the three major business sectors and the subdivisions within the sectors are adjusted and changed towards the established goals and in a better direction in accordance with the company's strategic vision and planning. In 2022, the operating revenue of the Company was RMB230.17 billion, the net profit attributable to the parent company was RMB7.96 billion, and the net profit contribution structure of the three major segments was continuously optimized. In the basic building materials sector, the "cement +" tail-warping factor appeared, and the net profit attributable to the parent company of commercial mixing and aggregate increased significantly year on year. The management of Sanjing achieved remarkable results, and the comprehensive energy consumption per ton of clinker and the sales, management and financial costs were improved; With the deepening of supply-side structural reform, we will actively promote the industry to reach a consensus in order to control carbon emissions and energy consumption, promote the substantial landing of capacity removal and promote the healthy development of the industry. In the new material segment, the gypsum board business strengthened its cost transmission ability by taking advantage of its own scale and market share, the glass fiber business achieved profit growth through product structure adjustment and precious metal disposal, the sales volume of wind power blade business increased significantly, the sales volume and a product rate of lithium battery diaphragm increased significantly, and the carbon fiber Xining 10,000-ton base phase I 11000 tons project was put into operation smoothly, which contributed to the increase of sales volume.
In 2023, the company will seize the opportunity of economic recovery, focus on stabilizing prices, sales and cash flow, consolidate, optimize and upgrade basic building materials, strengthen and expand new materials, upgrade and iteratively expand engineering and technical services, and accelerate the process of high-end, intellectualization and greening with scientific and technological innovation as the core. Actively promote international development around the three major industries. In order to improve the core competitiveness and enhance the core function positioning as the two core of high-quality development, we should comprehensively improve quality and efficiency, make unremitting efforts to promote high-quality development and accelerate the construction of world-class enterprises, and create greater value for shareholders through practical actions. The
management of the company has in-depth exchanges with investors and analysts on industry development, business strategy, business sector development planning, debt reduction plan, international development, medium and long-term incentives, business integration and other aspects. About 100 people
from Morgan Stanley, Citigroup, Goldman Sachs, Bank of America, CICC, Huatai Securities and other well-known investment banks, institutional investors and analysts attended the conference. They fully affirmed the effectiveness of China Building Materials in high-quality development and expressed confidence in the company's future development.
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