Tianshan Materials Work Conference Held in the First Half of 2024

2024-07-19 13:19:57

In the first half of 2024, affected by multiple factors such as the slowdown of national macroeconomic growth, the deep adjustment of real estate and the slowdown of capital construction, the company's operation was under deep pressure, and the three major businesses were facing an unprecedentedly severe and complex situation.

On July 18, the first half of the working conference of Tianshan Materials in 2024 was held in Shanghai. 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., attended the meeting and made an important speech. Li Xinhua, Deputy Secretary of the Party Committee and General Manager of China Building Materials Group, attended the meeting and put forward work requirements. Zhao Xinjun, Standing Committee of the Party Committee of China Building Materials Co., Ltd., Secretary and President of the Party Committee of Tianshan Materials Co., Ltd., made a work report entitled "Focusing on the year-round goals, grasping the key tasks and making every effort to fight for steady growth". The meeting was chaired by Liu Yan, Deputy Secretary of the Party Committee of China Building Materials Co., Ltd. and Chairman of Tianshan Materials. In the first half of

2024, affected by multiple factors such as the slowdown of national macroeconomic growth, the deep adjustment of real estate and the slowdown of capital construction, the company's operation was under deep pressure, and the three major businesses were facing an unprecedentedly severe and complex situation. Faced with difficulties and challenges, Tianshan Materials, under the strong leadership of the Group and the Joint Stock Company, actively responded to changes, focused on the "3633" action plan, paid close attention to the ecological construction of the industry externally, deepened the three fine management internally, tapped potential deeply, reduced costs and increased efficiency, and comprehensively promoted optimization and upgrading, reform and innovation, business integration and Party building. Especially, the cost has been greatly reduced, the optimization of commercial aggregate has been obvious, the innovation and transformation have been continuously broken through, and the discipline inspection of Party building has been solid and orderly.

Zhou Yuxian made a speech

. Zhou Yuxian affirmed the work of Tianshan Materials in the first half of 2024, which was reflected in three highlights: First, the ecological construction of the industry was strengthened, and the business results were hard won; The second is to cultivate internal skills, reduce costs and increase efficiency, and effectively enhance cost competitiveness; the third is to make progress in Party building, safety and environmental protection and other work. Zhou Yuxian pointed out that Tianshan Materials should summarize the work experience in the first half of the year in time to further consolidate the achievements of the current industry ecological construction, which can not only quickly respond to the implementation of the reform, but also plan to establish a long-term mechanism. For the current grim situation, although the development experience of the global cement industry has proved that the trend of unilateral decline in demand is irreversible, through orderly supply-side control, a new balance of industry volume reduction and profit increase can be achieved in the future.

Regarding the work in the second half of 2024, Zhou Yuxian proposed that Tianshan Materials should not only "grasp the present both inside and outside", but also "seek long-term transformation and upgrading", which not only ensures the realization of the current year-round goals, but also lays a solid foundation for healthy and sustainable development. Specifically, it includes three aspects: First, we must adhere to both internal and external training and not neglect one thing at the expense of the other. Externally, the Group will strengthen the ecological construction of the industry, lead the normal off-peak production, and improve the profitability of the three main businesses. Internally, the Group will adhere to cost reduction and cost control, strengthen the targeted assistance of regional companies, narrow the gap between backward enterprises and benchmarking enterprises, and continue to tap the potential and increase efficiency. Second, we should accelerate transformation and upgrading and promote the system. We will further enrich the connotation, system, objectives and paths of the three major transformations of "cement +, internationalization and double carbon" and the three upgrades of "high-end, intelligent and green", and accelerate the achievement of tangible results. Third, we must strengthen our confidence and make persistent efforts. From the dynamic point of view, the trend of obvious improvement in the performance of Tianshan Materials in May and June has been consolidated, laying a solid foundation for the development of the second half of the year. The company should strengthen its confidence, overcome all difficulties and go all out to achieve the year-round work objectives.

Li Xinhua's work requirements

Li Xinhua affirmed the work of Tianshan Materials in the first half of 2024, which is mainly reflected in three aspects: First, remarkable results have been achieved in reducing costs and increasing efficiency. The comparable manufacturing costs of cement and commercial concrete were further reduced on the basis of the largest decline in history last year. Second, the business integration was stable and orderly, and the business restructuring of the basic building materials sector was basically completed; Thirdly, the tail-warping factor has been continuously consolidated, the proportion of "cement plus" income and profit contribution has been continuously increased, the quality of operation has been continuously optimized, and the foundation of double-carbon transformation has been consolidated. For the work in the second half of the year, he put forward three requirements: First, we should strive to build a learning and research-oriented headquarters, and enhance the ability of strategic research and overall management; Second , establish an operational command system linking the headquarters, regional companies and member enterprises, and adopt differentiated business strategies to maximize profitability; third , strengthen confidence, maintain determination, and go all out to complete the objectives and tasks in 2024. Li Xinhua pointed out that after three years of severe winter, the whole industry is about to usher in a new spring. After three years of baptism, Tianshan Material has a stronger comprehensive competitiveness and will surely be able to hand over a satisfactory answer to the group.

Liu Yan presided over the meeting and made a summary

of the meeting. Liu Yan put forward three suggestions on the implementation of the spirit of the meeting: First, the affirmation of the Group and the joint-stock company for the work of Tianshan Materials in the first half of the year should be transformed into a driving force for continuous struggle and overcoming difficulties in the second half of the year; Second, we should thoroughly implement the speeches and requirements of Chairman Zhou Yuxian and General Manager Li Xinhua, and integrate them into specific work in the light of the work report for the first half of 2024 and the "3633" action plan; Third, we should strengthen confidence, determination and patience, resolutely lead the ecological construction of the industry, strive to achieve the objectives and tasks throughout the year, strive to complete the objectives and tasks throughout the year, and make greater contributions to building the group company into a world-class material industry investment group with global competitiveness.

Zhao Xinjun made a work report

. Zhao Xinjun comprehensively reviewed and summarized the work of Tianshan Materials in the first half of 2024: First, adhere to the three-fine management and achieve remarkable results in cost reduction and quality improvement; The second is to focus on optimization and upgrading, with steady development of the three major businesses; the third is to deepen reform and innovation, with continuous accumulation of development momentum; the fourth is to strengthen the leadership of the Party, with continuous improvement of the integration of Party building. After analyzing the existing gaps and shortcomings, he pointed out that Tianshan Materials will continue to promote the "3633" action plan, focus on the "three main lines", grasp the "six accelerations", promote the "three enhancements" and "three improvements", resolutely implement the annual business objectives, and firmly carry forward the "three, four and five". Make every effort to fight hard for steady growth and create a new situation of high-quality development.

At the meeting, Sui Yumin, deputy secretary of the Party Committee of Tianshan Materials, reported the progress of the "3633" action plan; Zhao Xufei, member of the Party Committee, vice president and chief financial officer of Tianshan Materials, reported the differences in the first half of the year between the regional companies. Cai Guobin, Vice President of

China Building Materials Co., Ltd., Wang Yulin, Chief Data Officer of China Building Materials Group, Secretary of Ningxia Building Materials Party Committee and Chairman of the Board, attended the meeting. Leaders of relevant departments of the group company and the joint-stock company, all employees of Tianshan Material Headquarters, leading groups of Ningxia Building Materials, 17 regional companies, 2 directly affiliated units, middle-level cadres, and party and government groups of member enterprises attended the meeting through on-site or video.

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Correlation

On November 21, the Western Construction (002302) issued a prospectus for issuing stocks to specific targets in 2021. The company plans to introduce Conch Cement as a strategic investor through this issue, and Conch Cement will subscribe for 183 million shares, accounting for 12.48% of the total equity after the issue, becoming the second largest shareholder. The purpose of this issue is to optimize the capital structure, supplement liquidity and repay bank loans, which is expected to bring the company an annual increase of 8.85 billion yuan in operating income and a total profit of 708 million yuan, up 38.71% and 78.23% respectively from 2023.