Recently, the Sinoma Cement 2024 Working Conference was held in Beijing. Wei Rushan, Standing Committee and Deputy General Manager of the Party Committee of China Building Material Group, Deputy Secretary and President of the Party Committee of China Building Material Co., Ltd., attended the meeting and made a speech. Wang Bing, Member of the Standing Committee of the Party Committee, Vice President, General Counsel and Chief Compliance Officer of CNBM, Cai Guobin, Vice President of CNBM, Sui Yumin, Deputy Secretary of the Party Committee of New Tianshan Cement , Bai Yan, Member of the Party Committee and Vice President of New Tianshan Cement, and Liu Jun, Assistant President of Sinoma International, attended the meeting. Rong Yakun, General Secretary of the Party Branch and President of Sinoma Cement, made a work report entitled "Brave Responsibility, Mission, Great Strength and High-spirited Attitude as the Foundation for the International Development of Building Materials". The meeting was chaired by Jia Xianghua, Vice President of Sinoma Cement.
In 2023, the global economic growth is weak, the geopolitical pattern continues to fluctuate, the international cement market pattern has undergone profound changes, the regional differentiation is serious, and opportunities and risks coexist. Faced with difficulties and challenges, Sinoma Cement resolutely implements the work deployment of China Building Material Group, China Building Material Co., Ltd. and New Tianshan Cement, anchors the task objectives and does not relax, plans the development blueprint, deepens the three fine management, and strengthens the Party's construction. After one year's efforts, we have initially established an international investment and operation management and control platform, formulated strategic development goals and paths, improved the overseas investment process and closed-loop management system, and continuously improved the quality and performance of overseas stock assets, laying a solid foundation for future international development.
Wei Rushan fully affirmed the work of Sinoma Cement in 2023, pointing out that under the leadership of the new leadership, all cadres and workers of Sinoma Cement United as one, overcome difficulties, quickly adjusted their strategic positioning and objectives, focused on the main business of internationa l development, and handed in a brilliant report card. Mainly in three aspects:
First, the business performance is outstanding and remarkable. With the support of China National Building Material Group, China National Building Material Co., Ltd. and New Tianshan Cement, a team adapted to the overseas investment and operation of basic building materials has been established. Over the past year, a lot of basic work has been done to establish rules and regulations, improve the process, and lay a good foundation for Sinoma Cement to undertake the international business of the basic sector.
Second, the pace of international development is solid and powerful, combing the key regions and countries of overseas development, defining strategic objectives, and putting forward short-term, medium-term and long-term development goals.
Thirdly, the internal management skills of overseas enterprises have been continuously improved, and various measures have been taken to improve the basic management ability, consolidate the management foundation, and achieve remarkable business performance.
With regard to the next step, Wei Rushan put forward two requirements:
First, efforts should be made to accelerate the landing of overseas expansion projects, promote international production capacity cooperation of basic building materials according to the priority of mergers and acquisitions, relocation and new construction, accelerate the landing of international mergers and acquisitions of cement projects, and make full use of the resources of Sinoma International. Promote the expansion of projects in target areas.
Second, we should focus on "benchmarking world-class" to improve the level of overseas management, strengthen benchmarking optimization to improve efficiency, keep abreast of internal and external advanced, keep a close eye on the budget, face the challenges of overseas diversification, and focus on six management systems, namely, investment and acquisition, project operation, financial financing, organizational manpower, risk control and basic management. Actively solve problems and ensure the construction of international first-class enterprises with world-class management level.
Sui Yumin put forward five expectations:
First, we should adhere to a broad vision and maintain the political background of state-owned enterprises in the process of internationalization.
Second, we should build a big pattern and seize market opportunities in the changing development of international relations.
Thirdly, we should strengthen our feelings and find the track of international business expansion from the development of China's cement industry in the past century.
Fourth, it is necessary to condense the great wisdom and advance the layout of the two tail-warping factors of cement + and double carbon in the international business.
Fifth, we should plan for great achievements and seek greater development dividends according to the economic development curve of our country. In his report,
Rong Yakun comprehensively summarized the work in 2023 from six aspects. He pointed out that 2023 was the starting year for China Building Materials Group to anchor the strategic goal of "Ten-Year Overseas Reengineering", and also the first year for Sinoma Cement to start a new journey of internationalization.
First, we should strengthen strategic guidance and draw a blueprint for development. To study and formulate the "2346" development strategy, determine the short-term, medium-term and long-term development goals, and define six key development areas.
Second, we will make every effort to improve quality and efficiency and achieve new heights in performance. Operating income, operating profit and operating cash flow continued to rise, the asset-liability ratio was less than 40%, and the profits of overseas cement enterprises exceeded 100 million yuan.
Third, strengthen management, innovation and enabling development. Improve and improve the system management system, carry out a series of activities for world-class enterprises, continuously improve the technical indicators of production lines, and two innovative achievements of overseas enterprises have been registered patents in the host country.
Fourth, focus on organizational construction and strengthen the talent team. Improve the construction of leading group and senior management team, complete the adjustment of the department system, build and complete the overseas talent pool, optimize and adjust the assessment and distribution system, and further play the role of assessment and incentive baton.
Fifth, we should strictly review compliance and guard against potential risks. To achieve 100% compliance control of rules and regulations, contract management and major decisions, standardize the selection and employment of overseas law firms and external lawyers, build a "centralized, unified, comprehensive, authoritative and efficient" audit supervision system, and constantly improve the level of compliance management.
Sixth, we should give prominence to the guidance of Party building and strictly administer the Party in an all-round way. We should conscientiously implement the "first topic" system, carry out thematic education, build a new pattern of overseas party building, strengthen the construction of Party building and corporate culture, and create a good atmosphere of clean air.
For the work in 2024, we will focus on five aspects:
First, we will continue to focus on "development priorities" and make every effort to seek development and expand production capacity.
Second, we should continue to build a "business fulcrum" and make every effort to solve problems and promote growth.
Third, we should continue to focus on "compliance" and make every effort to strengthen governance and prevent risks.
Fourth, we should continue to optimize the "key points of management" and make every effort to gather talents and expand the team.
Fifth, we should continue to create "highlights of Party building" and make every effort to build brand and show characteristics.
At the meeting, Rong Yakun read out the 2023 commendation decision, commending three advanced collectives and 14 advanced individuals. As representatives of advanced enterprises and advanced collectives, the production and technology departments of Mengxin Bayingala Co., Ltd. and China Building Materials Zambia Co., Ltd. exchanged experiences at the meeting. Cha Jinxiang, General Manager of Strategic Development Department (International Cooperation Department) of
China Building Materials Group, Zhang Hua, General Manager of Investment and Capital Operation Department, Yin Ling, General Manager of Finance Department of China Building Materials Co., Ltd., Shang Deying, Vice General Manager of Enterprise Management Department, Liu Xiaofeng, Vice General Manager of International Cooperation Department, Zhu Fan, Vice Minister of Party and Mass Work of New Tianshan Cement Co., Ltd. Zhang Xiaoli, General Manager of Sinoma International Business Development and International Cooperation Department, attended the meeting. The leading group of Sinoma Cement, department assistants and above, and the leading group of member enterprises, department assistants and above attended the meeting in the form of on-site + video.
