Share This

Public company info - China National Building Material Co. Ltd. - H Shares , 03323.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

China National Building Material Co. Ltd. - H Shares, 03323.HK - Company Profile
Chairman Cao Jianglin
Share Issued (share) 3,869,000,000
Par Currency
Par Value 0.0
Industry Construction Materials
Corporate Profile Business Summary: The Group is mainly engaged in the cement, lightweight building materials, glass fibre, composite materials and engineering services businesses. Performance for the year: For the year ended 31 December 2020, the Group’s consolidated operating revenue amounted to RMB254,762 million, representing an increase of 0.5% as compared to the same period of 2019. The audited profit attributable to equity holders of the Company amounted to RMB12,553 million, representing an increase of 14.4% as compared to the same period of 2019. Basic earnings per share was RMB1.488, representing an increase of 14.4% as compared to the same period of 2019. Business Review CEMENT SEGMENT In 2020, China has strengthened the counter cyclical adjustment of macro policies, launched a series of policy measures in stages, rhythmically and pertinently, and effectively overcome the adverse effects of pandemic and strong rainy season. The indexes of fixed asset investment, real estate investment and infrastructure investment have risen significantly, and the cement market has been characterized by “rapid decline, swift recovery and being stabilized”. The national clinker production amounted to 1.58 billion tonnes, hitting a new record high, representing a year-on-year increase of 3.1%, and the national cement production amounted to 2.40 billion tonnes, representing a year-on-year increase of 2.5%, maintaining a high level. Regional differentiation still existed, the production in southern China maintained relatively stable at a high level, and the production in northern region recorded a positive yearon-year growth. (Data source: NBS) In 2020, the Ministry of Industry and Information Technology (MIIT) released the Q&A on the Implementation of the Latest Measures on Capacity Replacement in the Cement and Glass Industry, consulted on the Implementation Method for Capacity Replacement in the Steel, Cement and Glass Industry (revised draft), increased the proportion of capacity replacement, and set out strict quotas on capacity replacement. The Ministry of Ecology and Environment carried out performance grading on the cement industry and imposed different shutdown restrictions on cement and clinker production lines, grinding stations and hazardous wastes treatment enterprises in response to the severely polluted weather during the yellow, orange and red warning periods. The MIIT and the Ministry of Ecology and Environment issued the Notice on Further Implementation of the Normalization of Cement Off-peak Production, strengthened the responsibility and consolidated the normalization mechanism of avoiding production in peak time. The dynamic balance of market supply and demand has been achieved through off-peak production, production restriction for environmental protection, shutdown in heavy-polluted weather, industry self-discipline and other measures. In 2020, the total profit of the cement industry amounted to RMB183.3 billion, maintaining a steady development trend. However, the progress of industry decapacity was slow, local regional supply rebounded, long-distance clinker transportation brought market instability, and the supply-side structural reform remained the major task. (Sources: NBS, MEE, MIIT and Digital Cement) In 2020, the Group has grasped the industry demand change and development trend, deepened the supply-side structural reform which promoted off-peak production implement and practised shutdown of outdated production facilities, reduction and replacement to optimize the industry ecology, and strived to build an industry ecosystem. With the transformation and upgrading as well as layout optimization, the Group has deeply implemented “Cement+” model, continuously promoted the transformation into high-end, intelligent and green. The Group has continuously promoted the “management of three delicacies”, and adhered to enhancing operations, refining management and improving organisational efficiency to constantly improve the quality of development. The Group has promoted Tianshan Cement in an orderly manner to issue shares or purchase target assets in cash and raise supporting funds, and further optimized the allocation of resources. As at the end of 2020, the production capacity of cement reached 514 million tonnes. NEW MATERIALS SEGMENT BNBM BNBM has made every effort to fight against the pandemic, assisted with the construction and expansion of the anti-pandemic hospital and reconstruction and expansion project at the shortest time. It has put efforts on both the anti-pandemic work and business operation, achieved all production and operation targets beyond expectations, and realised a new record high in its operating performance. BNBM has comprehensively implemented the strategy of “one body, two wings and global layout”, further consolidated the advantage of being the world’s No. 1 in gypsum board business, and made a good job in “gypsum board +” supporting system business. Through two-wheel drive by new plants addition and acquisition, it has accelerated the business development, and steadily promoted the business layout. It has deepened the reorganization and integration of waterproof business, and implemented the “integrated management and regional operation”. It has initiated coatings business steadily, been well positioned for its strategic layout, and actively cultivated new performance growth points. BNBM has continued to implement the policy of one person with multiple posts and one post with multiple abilities, and further promoted the construction of “80-person base” and “50-person factory”. It has carried out benchmarking management in an all-round way to reduce costs and improve product quality. It has comprehensively implemented the reform of market-oriented operating mechanism, and enterprises at the same level has taken the lead in carrying out the tenure system and contractual management of managers, and strengthened the assessment of managers and employees’ competence. China Jushi China Jushi has actively responded to overseas pandemics and the complex situation of trade, adjusted the structure, controlled production capacity, stabilized the market and restored price, and promoted the healthy development of the fiberglass market. It has deeply practiced “management of three delicacies”, made structural adjustment swiftly, and achieved a record new high of the proportion of high-end products. It has achieved cost savings through multiple sides, and realized steady growth in business performance. China Jushi has continued to lead in intelligent manufacturing. The second phase of intelligent manufacturing at Tongxiang headquarter intelligent manufacturing base has commenced construction in an all-round way. Chengdu intelligent manufacturing base with an annual production capacity of 250,000 tonnes of fiberglass has been fully put into operation with continuous construction of digital factories. It has actively promoted scientific and technological innovation, E9 ultra-high modulus glass fiber has been officially released, and it has realized the stable production of tank kiln. It has vigorously promoted independent innovation, promoted the construction of domestic production lines, and mastered key core technologies. China Jushi has steadily pushed forward international development to support the transnational business model of “supplying domestic market with domestic production and supplying oversea market with oversea production”; paid close attention to the frontier information of overseas market, track the dynamic of customer operation, and allocate orders reasonably according to the capacity structure. Sinoma Science & Technology Sinoma Science & Technology has seized the market opportunity in the blade business, released the main blade production capacity, consolidated the absolute leading position in the market, expanded the proportion of high-end products, and achieved significant growth in operating performance. It has intensified scientific and technological innovation, and successfully installed the Sinoma85.6 offshore all-glass fiber blades that was independently researched and developed with the largest single MW, achieving a significant breakthrough in the mass production of onshore low-cost main blades. Sinoma Science & Technology has actively adjusted market structure and product structure in fiberglass business, and achieved growth against the trend in production, sales and profit under the background of the global pandemic impact and increased risk challenges. It has steadily promoted the construction of high-end production capacity, and Manzhuang New Area 90,000 tonnes of high-performance glass fiber, 40,000 tonnes of alkali-resistant glass fiber production line have been put into operation. It has adhered to the independent research and development and innovation of core technologies, achieved certain key technological breakthroughs in low-dielectric glass fiber and super spun yarn, and supplied well-known domestic and oversea customers by mass production. Regarding the lithium diaphragm business, under the guidance of “focusing on R&D, expanding production capacity, ensuring quality and reducing costs”, Sinoma Science & Technology has put efforts on external marketing and internal production and R&D, accelerated the release of production capacity, and made great improvement in the yield and production efficiency of main products. It has made its presence in overseas high-end markets and realized batch supply for important customers. It has completed the research and development of new products such as ultra-thin diaphragm, highstrength base material, high-porosity low-permeability diaphragm and oxidationresistant diaphragm, and took the lead in batch supply of 7-micron high-end products. China Composites China Composites has coordinated the promotion of pandemic prevention and control as well as production and operation, comprehensively practiced the “management of three delicacies”, further promoted special reduction program, continuously improved product quality, achieved growth in both volume and price, and achieved a record new high in business performance. It has seized opportunities in the wave of installment, focused on the main business, optimized the product structure, accelerated the construction of offshore wind power and low wind speed projects, made its presence in 8MW+ offshore blade industry platform, and successfully put into operation the offshore blade project with integrated wind power technology. China Composites has continuously optimized the industrial layout of carbon fiber projects, the construction of Xining 10,000-tonne carbon fiber project has advanced in an orderly manner, and the first carbonization line has been put into trial production. It has intensified technical research, successfully solved the micro-control problem of ultra-high strength T1000G carbon fiber defects, and achieved 100-tonne engineering. The key technology and application of industrialization of Zhongfu Shenying 1,000-tonne dry-jet wet-spinning high-strength/medium-modulus carbon fiber won the “China Grand Awards for Industry”. China Composites has improved the level of informatization and intelligence, combined 6S management concept, implemented and promote MES, built and completed SRM intelligent supply chain project to ensure product quality stability and process control. Sinoma Advanced Sinoma Advanced not only secured domestic key power transmission and transformation projects for its electroceramic products, but also developed overseas markets against the trend, and achieved continuous increase for its market share in the State Grid UHV projects. The first production line of silicon nitride ceramic products with an annual output of 100 tonnes has been successfully put into operation in China, in which the hot isostatic pressing sintered silicon nitride ceramic balls filled the gap of high-end products in China. It has built a scientific and technological innovation platform and created cluster effect, and Ceramics Institute (Shandong) mass entrepreneurship and innovation base has shown its vitality. It has continuously deepened the reform work. Sinoma Advanced completed the signing of the contract for all levels of operation and management personnel, and Nitride Ceramics has completed the initial capital contribution for equity incentive, and Jiangxi Insulator has established the system for the holding employee representatives to attend the meetings of the Board. ENGINEERING SERVICES SEGMENT Sinoma International Sinoma International has made every effort to resolve the impact of the pandemic and fluctuations in demand, insisted on promoting the normalized prevention and control of the pandemic and comprehensive resumption of work and production, and achieved stable and orderly production and operation. The newly signed contracts have remained stable, and practical actions have been taken to promote the stability of the global industrial chain and smooth supply chain. Sinoma International has enabled high-quality development by scientific and technological innovation, adhered to independent innovation and green development, and won the “China Grand Awards for Industry”. It has deepened the digital and intelligent transformation, independently developed the industrial Internet empowerment and service platform, provided customers with full-cycle digital services, delivered digital twin factory solutions, and led the new development trend of the industry. It has given full play to the technical advantages, assisted the factory to save energy and reduce emissions, and successfully achieved the ultra-low emission targets of the cement industry through its benchmarking Huaikan South Cement Project. Sinoma International has completed the signing of contractual contracts for managers at all levels, and accelerated the release of reform vitality. It has made positive progress in business restructuring, expanded its business scale and influence in cement, mining engineering as well as operation and maintenance sector, and further improved the core industrial chain. China Triumph China Triumph has centred on new glass materials as the main business, vigorously developed the “four new” industries in new glass, new materials, new energy and new equipment, and implemented the overseas investment strategy by leading the world in glass technology and equipment, continuing to increase its market share in high-end glass technology, and entering into the forefront of new energy business in the world. China Triumph has led the upgrading of glass engineering, and received recognition from European and American glass industry giants for its technical strength, and further enhanced the global influence of float glass technology of China. Vietnam’s first ultra-white float glass production line was put into production. It has continued to promote green development for its new energy projects, and completed and put into operation the cadmium telluride thin diaphragm power generation glass production line project with an annual output of 300 MW. It has taken the agricultural transformation in the new era as an opportunity to develop the facility agriculture project, formed a unique new infrastructure and efficient facility agriculture system, and built the “super intelligent vegetable factory” with sustainable production, which met the global standards for high-quality agricultural products. It has actively expanded the environmental protection market for its energy conservation and environmental protection engineering, presented various bright spots in low-carbon development, and made multiple breakthroughs in overseas and cross-industry markets. It has made transformation and upgrade for its equipment manufacturing, stabilized the traditional glass equipment market, intensified the efforts on the transformation of intelligent workshops, and constantly improved the equipment manufacturing level and technical strength. Sinoma Mining Sinoma Mining has focused on both production and operation as well as pandemic prevention and control, and made remarkable results in the implementation of enhancing the main business and emphasizing the synergy. The number of newly signed contracts has reached a record new high and the operating performance has reached the best in history. It has practiced the concept of green development, maintained its leading place in technology, image and standards, and achieved new results in project image and green mine construction. It has solidly pushed forward the “management of three delicacies”, and took new steps in high-quality development. Prospects: The year 2021 is the commencing year of the “14th Five-Year Plan” and also the first year of the new journey of building a socialist modern country in an all-round way. From the international perspective, with the worldwide spread of the COVID-19 pandemic, the world economic situation remains to be complex and serious with unstable and unbalanced recovery, and the derivative risks caused by the impact of the pandemic can not be ignored; from the domestic perspective, China will accelerate the construction of a new development pattern where the domestic large cycle serves as the main body and the dual cycle of domestic and international promotes each other, and remain in the important period with strategic opportunities; from the industrial perspective, the construction of new development pattern and the domestic demand expansion strategy are expected to support the market demand to remain stable. The continuing tightening on environmental protection will promote the structural reforms on the supply side. In 2021, the Group’s main goal is to make continuous improvements in its quality and efficiency, structural adjustment, innovation capability and deepening reform, and take a solid step forward in building a world-class comprehensive building materials and new materials industry group with global competitiveness.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.