On April 1, the 2024 annual performance conference of China National Building Material Company Limited (HK. 03323, hereinafter referred to as "China National Building Material Company" or "Company") was held in Hong Kong. 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, Executive Director and President of the Party Committee of China Building Material Group, Wei Rushan, Secretary of the Board of Directors of China Building Material Group, Pei Hongyan, Assistant President of China Building Material Group, Zhuangqinxia, Tianshan, etc. The party secretary, chairman and general manager of BNBM, Yang Guoming, party secretary, director and president of China Jushi, and Chen Yu, president and director of Sinoma Science and Technology, attended the meeting, communicated with investors and analysts on the spot, and gave detailed answers to issues of concern to 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 company will make full use of the advantages accumulated in the past development process and strive to create a new situation of high-quality development by "expanding increment, optimizing stock, grasping variables and strengthening quality" in accordance with the established strategic objectives. One is to develop increments around advantages. Basic building materials focus on the three transformations of "cement +, internationalization and double carbon" to realize value increment; focus on the strategic implementation of the new industry, accelerate the industrial gradient upgrading, focus on the industrial law, accelerate the optimization of the development model, focus on key products, and accelerate the consolidation of the new industry cluster; Promote the internationalization of the whole business, all elements and the whole process, and achieve a new level of technology, operation mode and brand building. Second, keep pace with the times and optimize the stock. We will continue to optimize the debt structure, reduce interest-bearing liabilities, lower costs and reduce emissions; according to the actual situation of industries and products, we will accelerate the transformation of ideas and promote capital operation by means of property rights replacement and the introduction of investors. Third, precisely grasp the variables. Grasp the three key variables of scientific and technological innovation, digitalization and greening, fully release the multiplier effect of key variables on the production function, and drive the productivity leap. Fourth, create value and improve quality. Optimize the investment model, focus on the three core investment directions of basic building materials optimization and upgrading, new industry development and overseas business layout, improve the industrial layout and improve the return on investment around the upstream and downstream of existing industries.
Wei Rushan introduced the company's business development. In 2024, the Company actively responded to the difficulties and challenges, and achieved an operating income of RMB181.3 billion and a total profit of RMB9.49 billion. Basic building materials enhance the support of "cement plus", and strengthen the optimization of the layout and professional management of commercial mixed production capacity. New materials continued to enhance the core competitiveness, glass fiber with its own certainty through the industry cycle, focusing on differentiated sales, sales grew steadily, the world's first zero-carbon manufacturing base Jushi Huai'an Phase I project was put into operation; gypsum board actively explored the new path of "tooling to home decoration" and "city to county and township"; wind power blades maintained the first market share in the world, and Brazil base achieved batch delivery of products. Engineering and technical services continue to consolidate the core advantages of the main business, continue to improve the development system of high-end equipment, and deepen the intensive cultivation of localization. In 2024, the total dividend of the company was nearly 1.2 billion yuan, plus the offer to repurchase 3.1 billion yuan, the total return to shareholders was 4.3 billion yuan, and the shareholding ratio of the listed company China Jushi increased from 26.97% to 29.22%.
In 2025, China Building Materials Co., Ltd. will continue to promote high-quality development. In the basic building materials sector, we should actively promote the structural reform of the supply side of the industry, such as carbon trading and overcapacity control policies, and continuously enhance the core competitiveness at home; In the new material sector, the existing business will further enhance its core competitiveness, consolidate its leading position, expand its international layout based on its business characteristics, actively cultivate new fields and new tracks, accelerate industrial gradient upgrading, and accelerate the consolidation of new industrial clusters; In the engineering and technical service sector, we will improve the integrated brand system and product matrix of high-end equipment, promote the integration of global operation and maintenance service resources, and continuously increase the proportion of "two foreign" revenue in overseas and foreign industries.
The company's management has conducted in-depth exchanges with investors and analysts on industry development trends, business strategy and business development, internationalization, capital expenditure and other aspects. Nearly 70 well-known investment banks, institutional investors and analysts from Morgan Stanley, Citigroup, UBS, Furui, Bank of America, CICC and Guotai Junan attended the performance conference. After the
press conference, China National Building Material Co., Ltd. held a special communication meeting on Beixin Building Material and China Jushi. Management and Yang Guoming attended the meeting respectively, and further communicated with the capital market on the company's strategic planning, operation and market outlook, so as to enhance the market's confidence and value recognition of the company.
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