Public company info - China National Materials Co. Ltd. - H Shares , 01893.HK
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China National Materials Co. Ltd. - H Shares, 01893.HK - Company Profile
Chairman Liu Zhijiang
Share Issued (share) 1,164,000,000
Par Currency Renminbi
Par Value 1.0
Industry Construction Materials
Corporate Profile Business Summary: The Group is principally engaged in provision of cement equipment and engineering services, production and sales of cement and other high-tech materials. Performance for the year: During the Reporting Period, total operating revenue of the Group was RMB50,576.87 million, representing a year-on-year decrease of 5.04%; net profit was RMB1,156.85 million, representing a year-on-year increase of 6.43%; net profit attributable to shareholders of the Company was RMB585.44 million, representing a year-on-year decrease of 27.14%; earnings per share of the Company amounted to RMB0.16. Business Review： CEMENT EQUIPMENT AND ENGINEERING SERVICES During the Reporting Period, confronted with the unfavourable factors including the sluggish global economic growth, the reduction in the fixed asset investment in the cement industry in China and increasingly intensified market competition, the segment continued to strengthen global resource allocation capabilities, stepped up its market development efforts by following its business strategy of “stabilizing existing market, planning for potential market and exploring market with strengths”, penetrated into new business fields, and actively promoted the benchmarking and refined management. As at 31 December 2016, the backlog order amounted to RMB68.3 billion. CEMENT During the Reporting Period, in face of the unfavourable situations including serious overcapacity in domestic cement industry, lack of demand as well as complicated and volatile original market, the segment closely monitored target markets, deeply promoted benchmarking management, strictly controlled production cost, and took efforts to lower cost and improve efficiency, achieving considerable growth in its performance. Cement selling cost decreased by RMB10/tonne. During the Reporting Period, sales volume of cement was 76.92 million tonnes, representing a year-on-year increase of 5.15%. While consolidating its influence and market share in regional markets, the segment accelerated its footsteps of “Overseas Expansion”. During the Reporting Period, the construction of a new dry-process cement production line in Sinoma-Zambia Building Materials Industry Park (中材贊比亞建材工業園) with an annual capacity of one million tonnes fully commenced and the preparatory work of certain overseas cement projects has been actively promoted. HIGH-TECH MATERIALS During the Reporting Period, faced with fierce market competition, the segment exerted its own advantages, strengthened technical innovations and new product R&D, timely adjusted product structure, lowered cost and improved efficiency. The unit production cost of glass fiber and products decreased by RMB400 and their sales volume increased by 14.10% year-on-year. The sales volume of solar-energy fused silica crucibles increased by 72.78% year-on-year. Prospects: In 2017, the world economy will remain weak and face many risks. The new U.S. administration, “Brexit” negotiations and presidential elections at Germany and France will affect the world’s political and economic situation. In addition, intensified protectionism, the rise of the “anti-globalization” trend, increased geopolitical risk, changes in US dollar exchange rate and interest rate, and fluctuations of commodity prices, resulted in the continued downturn in global trade and slow recovery of the world economy. The Chinese economy remained steady while making progress and seeking prosperity. Under the “new normal” of changing of economic structure, growth momentum and development method, the situation of slowing economic growth and declining industrial enterprise profit had not been fully changed. The problems in the building materials industry of overcapacity, weak market demand, price volatility and rigid growth of cost remain obvious, and the Company is still facing a complex and grim environment of production and operation. However, we must be aware that the positive fundamentals of the long-term PRC economy growth remain unchanged, and the strong support and conditions for sustainable economic growth remain unchanged. In addition, completion of the reorganization of the Parent and CNBM Group will provide strong support for the future development of the Company. By following the supply side structural reform, starting with the five tasks of “cutting overcapacity, destocking, deleveraging, reducing corporate costs and shoring up weak spots”, and focusing on strengthening risk management and control, quality improvement and efficiency enhancement through healthy development, the Company will actively implement its operating strategy of “price stabilization, quantity guarantee, cost reduction, receivables collection, inventory control and adjustment”, deepen innovations, accelerate the footsteps of “Overseas Expansion”, promote the adjustment, transformation and upgrade of industrial structure, and continue to improve its profitability and market competitiveness. CEMENT EQUIPMENT AND ENGINEERING SERVICES The segment will seize the opportunities of the implementation of “One Belt One Road” and “Global Cooperation of Production Capacity” by China, give full play to its own brand advantages, and actively explore overseas markets. Centring on the development roadmap of “optimizing traditional industry, strengthening the industry of energy conservation and environmental protection, expanding the limited and relevant diversified industries”, it will strengthen the development of the markets in the “One Belt One Road” area while strengthening its existing market. It will make innovations in business model, extend industrial chain, enhance after-sales services and vigorously develop the “EPC+M” business model. It will also strengthen its cost control, boost its refined management level and improve its profitability continuously. CEMENT The segment will follow the supply side structural reform and resolutely eliminate the production lines which have no competitiveness and have been loss-making for years. It will actively promote market integration, optimize the market presence, play synergies, and stabilize market prices. In addition, it will actively promote intelligent production and improve resource utilization efficiency, so as to save energy consumption and realize green development. It will proactively conduct global cooperation of production capacity and facilitate the overseas presence of the cement business. HIGH-TECH MATERIALS The segment will focus on market demand and actively implement its strategy of increasing product variety, improving quality and building brands supported by independent innovations, and increase effective supply, so as to constantly enhance its brand influence and increase market share. It will give full play to its advantage of resource integration and establish a full industrial chain and technological chain from the research and development to manufacturing of glass fiber and composite materials. It will actively explore the ways of “Overseas Expansion” and accelerate overseas investment.

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