On March 31, China Building Material Co., Ltd. and eight A-share listed companies Tianshan Stock, Ningxia Building Material, Qilian Mountain, Beixin Building Material, China Jushi, Sinoma Science and Technology, Sinoma International and Zhongfu Shenying held their 2022 annual performance conference in Beijing. Zhou Yuxian, Secretary of the Party Committee and Chairman of China National Building Material Group, Secretary of the Party Committee and Chairman of China National Building Material Group, Standing Committee of the Party Committee and Deputy General Manager of China National Building Material Group, Wei Rushan, Deputy Secretary of the Party Committee, President and Executive Director of China National Building Material Group, and the management of listed companies attended the meeting.
Zhou Yuxian expressed his heartfelt thanks to investors and analysts who have long cared about and supported the development of China Building Materials Co., Ltd. He said that China's building materials shares are actively transforming around the high-quality development goals of effective improvement in quality and appropriate growth in quantity. In the short term, firstly, the dividend ratio will continue to increase, hoping to continue to create value for all shareholders; secondly, the net debt ratio will continue to decline, and the net debt ratio will be further controlled in the future; thirdly, the net cash flow from operation will continue to increase, and will continue to increase in the future. In the long run, China Building Materials Co., Ltd. will promote high-quality development from the aspects of cultivating new materials step by step, comprehensively promoting internationalization, digitalization and green transformation. China National Building Material Co., Ltd. will continue to deepen reform, continue to promote medium and long-term incentives, focus on promoting differentiated management and control, personalized authorization and other reform optional actions, around the "one profit and five rates" target management system, strengthen value creation awareness and value-added service concept.
Wei Rushan introduced the business development of CNBM in 2022 and the outlook for 2023. He said that the company will seize the opportunity of economic recovery, focus on stabilizing prices, sales and cash flow, focus on consolidating, optimizing and upgrading basic building materials, focus on making new materials better, stronger and bigger, focus on upgrading and iteratively expanding engineering and technical services, accelerate the process of high-end, intellectualization and greening with scientific and technological innovation as the core, and focus on three major industries. At the same time, we will increase the intensity of medium and long-term incentives, constantly stimulate the vitality and creativity of the company, and create greater value for shareholders.
Eight A-share listed companies introduced their business highlights in 2022 and key work in 2023. The management has in-depth exchanges with investors and analysts on industry development, new material business development, internationalization strategy, state-owned enterprise reform, medium and long-term incentives, business integration, etc. A total of 110 people
from CITIC, Guotai Junan, UBS, China-Thailand and other well-known investment banks and institutions attended the conference through live and video. Participants fully affirmed the conference, believing that the event further enhanced communication with investors, so that investors can more fully and deeply understand and recognize the value of the company.
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