On August 31, the mid-term performance conference of China Building Material Company Limited (HK. 03323, hereinafter referred to as "China Building Material Company" or "Company") was successfully held in Hong Kong in 2023. 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 Group, 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 Group, Wei Rushan, Vice President and Financial Director of China Building Material Group, Chen Xuean, Executive Director of China Building Material Group and Tianshan Stock Company. Pei Hongyan, Secretary of the Board of Directors and Chief Accountant of China National Building Material Co., Ltd., Yin Zibo, Chairman of Beixin Building Material Co., Ltd., Zhao Xinjun, President of Tianshan Building Material Co., Ltd., and Huang Zaiman, President of Sinoma Science and Technology Co., Ltd., attended the meeting, communicated with investors and analysts on the spot, and gave detailed answers to the concerns of the capital market.
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.
Zhou Yuxian emphasized that the basic building materials sector should first continue to promote cost reduction and efficiency enhancement, and then continue to focus on the "three tail-warping factors" to accelerate industrial transformation and upgrading, expand profit space through "cement +", expand market space through internationalization, and expand sustainable development space through "double carbon". In the new material sector, we will accelerate the building of new material echelons of 10 billion, 5 billion, 1 billion and 100 million. The glass fiber business of the first echelon continued to focus on projects and expand its share, and promoted the construction of key projects such as Taiyuan and Huaian; the gypsum board business consolidated its advantages, expanded "gypsum board +", and realized the operation from single product to category; the wind power blade business played an integrated advantage, reduced costs and expanded volume. The second echelon lithium battery diaphragm business has accelerated the production of capacity under construction and continued to improve the layout; the carbon fiber business has further reduced costs and expanded market share through the scale advantage; the waterproof system business has strived to improve the scale, quality and efficiency; other composite materials, such as composite photovoltaic frame, carbon fiber pultrusion plate and other businesses, have a market of 100 billion yuan waiting for further development. The engineering technology service sector will give full play to the advantages of the whole industry chain, promote the transformation of equipment business from "engineering-driven" to "engineering-driven", lead the global EPC through high-end equipment business, and build an international vanguard of engineering, equipment and service. China National Building Material Co., Ltd. will make every effort to promote internationalization, give full play to the advantages of the international team of the engineering and technical service sector, promote the internationalization of the whole business, the whole process and all elements of China National Building Material Co., Ltd., relying on the advantages of industry, scientific and technological innovation and technical equipment services, and strive to rebuild a "China National Building Material" overseas in about 10 years.
Wei Rushan introduced the company's business development. In the first half of 2023, the company's operating income was 102.4 billion yuan, and the net profit attributable to the parent company was 1.4 billion yuan. In the basic building materials sector, we paid close attention to cost control and made every effort to reduce costs and increase efficiency. The comprehensive cost of cement decreased significantly, and the net profit contribution of aggregates to the parent company increased. As for the new materials segment, the business layout has shown initial effects, the main products of the first echelon continued to maintain its leading position in the industry, with the sales volume of glass fiber yarn hitting a record high for the same period in history; the volume and price of gypsum board were stable, with continuous cost reduction and efficiency enhancement; the sales volume of wind power blades increased significantly, and the cost was significantly reduced through internal management and large-scale blades; the profit contribution of the main products of the second echelon gradually increased. The sales volume of lithium battery separator increased significantly, and the cost was reduced through the improvement of product a rate and vehicle speed; the sales volume of carbon fiber increased and the scale effect was formed; the integration effect of waterproof business was obvious, and the loss was turned into profit. In the engineering and technical service sector, the advantages of the main business were further consolidated. In the second half of
2023, as the government intensifies macro-policy control and positive demand is expected to continue to release, China Building Materials Co., Ltd. will firmly grasp the primary task of high-quality development, focus on consolidating, optimizing and upgrading basic building materials, focus on making new materials better, stronger and bigger, and focus on upgrading and iteratively expanding engineering and technical services. With scientific and technological innovation as the core, we will accelerate the process of digitalization, greening and internationalization, implement the deepening and upgrading of state-owned enterprise reform, 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 had in-depth exchanges with investors and analysts on the company's business strategy, business sector development plan, industry development, international development, capital expenditure and debt reduction plan. About 60 well-known investment banks, institutional investors and analysts
from Goldman Sachs, Morgan Stanley, Citigroup, Bank of America, CICC and Huatai Securities attended the conference.
In order to actively respond to the national environmental protection policy and implement the concept of green and low-carbon development, China Cement Network will hold the "2023 Cement'Double Carbon 'Conference and the 10th China Cement Energy Conservation and Environmental Protection Technology Exchange Conference" in Zhengzhou, Henan Province, from September 12 to 13, 2023. The cement industry is moving towards a low-carbon, more energy-saving and greener high-quality development.
At the same time, the medal ceremony of "2023 Advanced Enterprises of Double Carbon in Cement Industry" and the "Double Carbon" Equipment Exhibition will be held. After the meeting, we will also organize a visit to Jiyuan Zhonglian Cement Co., Ltd. "The world's first production line of carbon sequestration auxiliary cementitious materials and low-carbon cement from flue gas CO2 of steel slag capture cement kiln".
浙公网安备33010802003254号