On August 27, BBMG Jidong Cement held the shareholders' meeting and the board of directors to make resolutions on the election of non-independent directors, the cancellation of the board of supervisors, the revision of the Articles of Association and the semi-annual report of 2025. On the same day, the company's trade union elected employee directors.
The meeting made resolutions on the corporate governance structure and the composition of the board of directors, laying a solid organizational foundation for further optimization of the governance structure and further improvement of the governance capacity.
The shareholders' meeting elected Mr. Zhou Chengyao and Mr. Ding Peihe as non-independent directors, and the trade union of the Company elected Ms. Jiang Yusheng as an employee director through democratic means. The term of office of the above persons is the same as that of the tenth session of the Board of Directors, and the members of the Board of Directors of the Company are more diverse and the structure is more standardized and reasonable.
The shareholders' meeting deliberated and approved the cancellation of the Board of Supervisors and the amendment of the Articles of Association, and the statutory powers of the Board of Supervisors were assumed by the Audit and Risk Committee of the Board of Directors. The Board of Supervisors of the Company was established at the beginning of 1994, and all previous members of the Board of Supervisors fulfilled their duties and responsibilities, demonstrated a high degree of professionalism and professionalism, and made positive contributions to the compliance governance and standardized operation of the Company. In addition, the Articles of Association of the Company has been comprehensively revised in accordance with the latest laws, regulations and regulatory rules, and the foundation of the corporate governance system has been improved.
The board of directors reviewed, approved and released the Semi-annual Report 2025, and the company's performance was stable and positive, accumulating sufficient upward momentum.
In the first half of the year, in the face of the bottom adjustment of the real estate market, the decline in demand in the cement industry caused by the slowdown in the growth of infrastructure investment, and the complex environment of intensified market competition, the company has significantly improved its operating conditions through measures such as lean operation, strengthening strategic layout and accelerating transformation and upgrading. In the first half of the year, the Company achieved an operating income of RMB11.761 billion, representing a year-on-year increase of 4.82%, a total profit of RMB34 million, representing a year-on-year increase of 104.06%, and a net cash flow generated from operating activities of RMB1.287 billion, representing a year-on-year increase of 54.59%. The overall operation was stable and improved. In the second half of the year, the company will start from four aspects, namely, deepening market coordination, tackling operational efficiency, strengthening strategic implementation and adhering to innovation-driven, to stabilize the basic situation of business development and fight for efficiency.
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