On April 2, the 2025 annual performance conference of China Building Material Company Limited (HK. 03323, hereinafter referred to as "China 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, Vice Secretary, Executive Director and Secretary of the Board of Directors of China Building Material Group, Miao Xiaoling, Assistant President of China Building Material Group. Zhao Xinjun, Secretary and Chairman of the Party Committee of Tianshan Stock Company, Secretary, Chairman and General Manager of the Party Committee of Beixin Building Materials, Yang Guoming, Secretary, Director and General Manager of the Party Committee of China Jushi, Huang Zaiman, Secretary and Chairman of the Party Committee of China Material Science and Technology, Yin Zhisong, Secretary and Chairman of the Party Committee of China Material International, attended the meeting and communicated with investors and analysts on the spot. Give detailed answers to questions 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 stressed that the operation in 2025 is basically in line with expectations, and the next step will be to give full play to the comprehensive competitive advantages of the whole industry chain, technology reserves, resource integration, and fully support China Building Materials Co., Ltd. to promote the transformation of new and old kinetic energy, and accelerate the creation of the "second curve" of growth. First, we should deepen the integration of innovation and investment and create growth momentum with high certainty. Make innovation with investment thinking, focus on new energy materials, semiconductor support materials and other future tracks, accelerate the transformation of innovation from "follow" and "run" to "lead"; make investment with innovative thinking, jump out of the limitations of traditional building materials stock, focus on green low-carbon, high-end materials and other incremental areas. The second is to strengthen the integration of transformation and upgrading, and build a strong anti-cyclical value base. Through inward "excellent layout, strong management" and outward "expanding the market, strong breakthrough", we will accelerate the transformation and upgrading of basic building materials. By strengthening high value-added products such as wind power blades and glass fibers, we will accelerate the landing of "second curve" business such as organic polymer materials, change the business model from "selling products" to "providing system solutions", and accelerate the transformation and upgrading of new industries. By continuously promoting "digital value, digital industrialization" to reduce costs and improve efficiency, and practicing the concept of "low carbon is competitiveness, carbon reduction is cost reduction", we will accelerate the transformation and upgrading of digitalization and greening. The three is to strengthen the integration of the international market and the domestic market and expand the growth boundary. Give full play to the advantages of domestic super-large-scale application scenarios, accelerate the iteration of technology products and cost optimization, create more cost-effective product service capabilities, and lay the foundation for participating in international competition. With light assets as the main mode, scientific and technological cooperation as the fulcrum, capital operation as the lever, and system solutions as the direction, the internationalization strategy will be speeded up.
Wei Rushan introduced the company's business development. In 2025, the Company actively responded to difficulties and challenges, achieved operating income of RMB177.8 billion, maintained stable operations, continuously optimized the industrial structure, and continuously strengthened the competitiveness of its main products. The basic building materials segment continued to reduce costs and increase efficiency, and the comprehensive cost of cement clinker decreased by 7% year-on-year in 2025. The new material sector has strong growth momentum, with a net profit contribution of 3.48 billion yuan, an increase of 33% over the same period last year. Among them, the net profit contribution of glass fiber and electronic cloth increased by 70% and 157% respectively, wind power blades increased by 81%, coatings and waterproofing increased by 38% and 36% respectively. International business performance improved steadily, with revenue of 36.5 billion yuan, an increase of 24% over the previous year, and total profit of 2.96 billion yuan, an increase of 19.6% over the previous year, of which the overseas revenue and profit of the basic building materials sector increased by 93% and 181% respectively.
In 2026, China Building Materials Co., Ltd. will continue to promote high-quality development. First, all efforts should be made to improve business performance and ensure the steady improvement of "one profit" and the continuous optimization of "five rates". Second, continue to optimize the layout, promote industrial transformation and upgrading, accelerate the upgrading of basic building materials, continue to develop and grow new materials, and accelerate the transformation of engineering and technical services to integrated service providers in the whole industry chain. Third, we will continue to promote scientific and technological innovation, digitalization and greening. Fourth, we should continue to deepen reform and increase medium- and long-term incentives guided by scientific and technological innovation. Fifth, strengthen value management. We will continue to improve market value management, enhance investor returns, further strengthen ESG's strategic leadership, and enhance ESG's governance and practice level. The
management of the company had in-depth exchanges with investors and analysts on the development trend of the industry, the "15th Five-Year Plan", the company's business strategy and business development, market value management, capital expenditure, internationalization and other aspects. About 60 well-known investment banks, institutional investors and analysts from Morgan Stanley, Citigroup, UBS, Furui, Bank of America, CICC, Cathay Pacific Haitong and Shenyin Wanguo attended the performance conference. After the
press conference, CNBM Co., Ltd. held a special communication meeting for China Jushi and Beixin Building Materials. Yang Guoming and management attended the meeting respectively, and further communicated with the capital market on the company's strategic planning, business situation and market outlook, so as to enhance the market's confidence and value recognition of the company.
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