On the afternoon of April 3, BNBM’s party committee secretary, chairman, general manager and other management personnel attended the performance briefing together with the company’s independent directors, deputy general managers, board secretaries, financial officers, etc. to answer questions for all investors who participated in the collective performance briefing of China National Building Materials Group Co., Ltd.’s listed companies.
In response to investors’ questions about how BNBM will maintain good development momentum and expand market share in the waterproofing and coatings business in the future, BNBM introduced that in 2024, both waterproofing and coatings businesses will achieve balanced development in scale, quality and efficiency.
The waterproofing business has made great progress and bucked the trend. Operating income reached 4.662 billion yuan, total profit increased by 14.15% year-on-year, and net profit reached 164 million yuan. Accounts receivable dropped significantly. The waterproof segment’s net operating cash flow was 470 million yuan, and the operating quality was further improved.
The paint business was successfully integrated with Carbaoli, fully opening up development space. Operating income was 3.6 billion yuan, total profit increased by 605.29% year-on-year, net profit was 252 million yuan, and the net operating cash flow of the paint division was 631 million yuan. The business scale was greatly improved.
In the future, the waterproof business will adhere to the value management concept of balanced development of “scale, quality, and efficiency” and further enhance the market scale and operation quality through subdivided regions and subdivided areas.
The coatings business has formed a “two wings flying together” pattern. In terms of architectural coatings, it will focus on brand building and promotion around customers, channels, etc.; in terms of industrial coatings, it will target subdivided areas, strengthen technological innovation through endogenous and external methods, and create core competitiveness in subdivided areas.
As for the company’s international business progress and future plans, BNBM said that in the future, it will focus on the four major regions of Southeast Asia, Central Asia, the Middle East, the Mediterranean Sea and Europe, and implement the “going out” strategy in phases with all businesses, taking the lead in laying out the advantageous industry of gypsum board, and following up on the layout of the waterproofing and coating industries.
When discussing how the waterproofing industry can build a good industry ecology, BNBM encourages enterprises in the industry to promote their development by exploring new markets and R&D innovation, avoid the negative effects of excessive involution, and jointly promote the transformation, upgrading and high-quality development of the industry.
As a green building materials company, BNBM has taken many measures in green development.
The company implements the concept of green development, steadily promotes the company’s carbon peak action plan, vigorously develops clean energy, and optimizes energy utilization efficiency; continuously improves the absorption capacity of industrial by-product gypsum, strengthens energy conservation and emission reduction in product life cycles, promotes the development of circular economy, and enhances the green and environmentally friendly attributes of products; continuously strengthens the environmental protection level of production operations, accelerates the realization of “near-zero emissions” in each production base, adheres to green manufacturing, promotes the transformation of advanced energy-saving and environmentally friendly equipment and facilities, and continues to improve ESG performance management.
As of the end of 2024, 33 of the company’s companies have been rated as national-level green factories, and 39 companies have been rated as provincial-level green factories.
Talk about the company’s future development plan, BNBM’s development strategy is to take “green technology and quality life” as its mission, promote the greening of buildings, cities, and human settlements, vigorously develop circular economy, promote building energy conservation and prefabricated buildings, and create a full life cycle green building industry chain from raw materials, production, products, construction, application, recycling and other links.
The company implements the development strategy of “one body, two wings, global layout”, strengthens, expands and improves gypsum board and gypsum board+, accelerates the development of waterproofing and coatings, deploys emerging international markets, accelerates its transformation into a comprehensive manufacturer and service provider of consumer building materials, promotes the four transformations of “public decoration to home decoration, cities to counties and villages, base materials to surface materials, and products to services” to create a world-class demonstration enterprise.
