On December 9, the 2024 Investment Work Conference of China Building Materials Group was held in Beijing. Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the conference will further study and implement the spirit of the Third Plenary Session of the Twentieth Central Committee of the Communist Party of China, summarize the previous investment work, exchange experience, and arrange for the next stage of investment focus. Shang Peng, deputy director of the Planning and Development Bureau of the State-owned Assets Supervision and Administration Commission of the State Council, attended the meeting and delivered a speech. Zhou Yuxian, secretary and chairman of the Party Committee of the Group, delivered a speech entitled "Practice and Reflection on the Investment Management of China Building Materials Group". Wei Rushan, deputy secretary, executive director and President of the Standing Committee and Vice General Manager of the Party Committee of the Group, made a speech entitled "Strengthening Strategic Leadership and Improving Investment Closed-loop". Work report on accelerating the building of a world-class state-owned capital investment company. Chang Zhangli, Deputy Secretary of the Party Committee, Employee Director and Chairman of the Trade Union of the Group, and Liu Lei, Standing Committee of the Party Committee and Secretary of the Discipline Committee of the Group, attended the meeting. In his speech,
Shang Peng fully affirmed the investment management work of China Building Materials Group. He pointed out that in recent years, China Building Materials Group has played the role of state-owned capital investment company, relying on the core business of basic building materials, new materials, engineering and technical services, laying out the industrial system of non-metallic materials step by step, making positive contributions to the transformation and upgrading of traditional industries, the cultivation and development of emerging industries, and exploring the "second curve" of growth, and achieved good results. He put forward five requirements for the follow-up investment management of CNBM Group: first, strengthen the leading role of planning; second, increase the layout of strategic emerging industries; The third is to fully contribute to steady growth and investment expansion; the fourth is to expand diversified development strategies; and the fifth is to actively carry out international cooperation. He stressed that he hoped that China Building Materials Group would focus on its main business, strengthen cooperation with all parties, effectively enhance the quality of investment and promote the rational growth of momentum, improve the operational efficiency and return efficiency of state-owned capital with high-quality investment, realize the preservation and appreciation of state-owned capital, continuously enhance its core functions and enhance its core competitiveness. We will give better play to the role of central enterprises in technological innovation, industrial control, and security support.
Zhou Yuxian emphasized that the Group should focus on the main business of non-metallic materials, base itself on the positioning of state-owned capital investment companies, firmly serve the strategic needs of the country, vigorously promote the development of new quality productivity, constantly enhance core functions, enhance core competitiveness, and accelerate the construction of a world-class material industry investment group. From the investment concept and practice of the investment company, he systematically expounded the closed-loop logic of investment before, during and after investment, and combined with the main business of the group's main products, made an in-depth analysis of the global layout strategy research and strategic implementation, reviewed and sorted out the systematic planning and resource allocation of industrial development. It also summarizes and optimizes the investment model and quantitative tools.
Zhou Yuxian put forward three requirements, one is to promote innovation by investment, to promote industrial iterative upgrading by investment, and to lead the new development of industry by investment and innovation; Second, to discover new laws through investment, we should systematically plan and rationally allocate resources to help the industry successfully leap over the risks from original technology, to the transformation of scientific and technological achievements, and then to the substitution of technology iteration; Thirdly, we should invest in new trends, adjust measures to local conditions, introduce different levels of technology, services and products in different countries, regions and stages, and keep pace with the times to ensure sustainable competitiveness.
Wei Rushan pointed out in his report that under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the Group continued to strengthen the management of capital investment, which strongly supported and promoted the high-quality development of the Group. The first is to focus on the main business and make effective investment to boost the implementation of the strategy. The second is to lay out the new main business and make initial achievements in state-owned capital investment. The third is to optimize the allocation of resources and capital distribution; The fourth is to implement pre-investment, mid-investment and post-investment tracking, and implement investment closed-loop management; the fifth is to continuously improve the investment management system in accordance with the requirements of the reform of state-owned capital investment companies.
The report puts forward the key investment work of the group in the next stage. First, strengthen the strategic guidance, optimize the industrial layout, and promote high-quality investment; second, adhere to the "Four Focuses", and promote the concentration of resource elements to the main business and advantageous business; third, ensure that "see clearly" before investment, "invest accurately" during investment, and "manage well" after investment; fourth, do a good job of inspection, check and rectify problems; fifth, strengthen the construction of capital investment talent team.
The conference organized experience exchange and special training. Huang Jianfeng, General Manager of Investment and Capital Operation Department of the Group, presided over and made a summary. Beixin Building Materials, China Jushi and China Building Materials New Materials Fund exchanged experiences on investment mergers and acquisitions, fixed assets investment and fund investment respectively, and answered questions on the spot. The heads of investment, finance and auditing departments of the group conducted special training on M & a operation, evaluation management and post-investment evaluation. The conference also released typical cases of mergers and acquisitions. Cai Guobin, Vice President of
China National Building Material Co., Ltd., Pei Hongyan, Secretary of the Board of Directors, heads of relevant functional departments and secondary enterprises of China National Building Material Group and China National Building Material Co., Ltd., as well as 120 persons in charge of listed companies, heads of investment departments, secretaries of the Board of Directors, heads of investment departments and heads of securities departments attended the meeting. The conference consists of one main venue and 112 video sub-venues, and more than 700 people from the three-level enterprises affiliated to the group and the stock company participated in the conference through video.
