On April 18, CNBM announced that it expected the unaudited loss attributable to equity holders (net profit loss attributable to parent company) for the three months ended March 31, 2024 to be RMB1.3 billion, compared with the loss attributable to equity holders (net profit loss attributable to parent company) of RMB526 million for the same period last year.
The above expected decrease was mainly due to the decrease in selling prices of cement, commercial concrete and glass fibre, the main products of the Group, the decrease in share of results of associates, the increase in foreign exchange losses and the increase in net losses from changes in fair value of the Group's financial assets at fair value through profit or loss. This was partially offset by the decrease in cost of sales of cement and commercial concrete.
On April 8, China National Building Material Co., Ltd. held its 2023 annual performance conference. Wei Rushan, Standing Committee and Deputy General Manager of the Party Committee of China Building Material Group, Deputy Secretary of the Party Committee, Executive Director and President of China Building Material Group, introduced the company's business development. In 2023, the Company actively responded to difficulties and challenges and realized operating income of RMB210.2 billion and net profit attributable to the parent company of RMB3.86 billion. In
2024, CNBM will make every effort to promote the recovery of its performance. We will comprehensively promote the ten-year plan of action for international development, promote development through reform, promote high-end development through scientific and technological innovation, and continue to promote greening. For the basic building materials sector, the "three tail-warping factors" shall be grasped to accelerate the transformation of cement +, "double carbon" and internationalization; and the high-end, intelligent and green upgrading shall be accelerated through continuous innovation. In the new materials segment, the glass fiber, gypsum board and wind power blade businesses continued to consolidate the advantages of leading enterprises, the lithium film, carbon fiber and waterproof businesses continued to expand market share, the coatings business did a good job in management integration with Carbury, and the graphite and hydrogen cylinder businesses increased their contribution to incremental benefits. In the engineering technology service sector, the Group will deepen the integration and optimization of cement engineering equipment and operation and maintenance, and continue to increase the overseas market share of engineering technology, high-end equipment and operation and maintenance services. According to
the company's official website, cement business is the ballast stone business of China Building Materials Co., Ltd. The company now has 518 million tons of cement production capacity and 475 million tons of commercial mixing capacity, ranking first in the world, and its business is distributed in 25 provinces, municipalities and autonomous regions.
