In 2018, CNBM Ltd. improved development quality and operating performance, stepped up the construction of the three-pillar development platform of cement, new materials, and engineering services, and achieved significant increase in sales revenue.

On March 22, China National Building Material Company Limited (hereinafter referred to as CNBM Ltd.) (stock code: HK3323) released its 2018 Annual Results Announcement. On March 25, Cao Jianglin, General Manager of China National Building Material Group Co., Ltd. (CNBM Group) and Board Chairman of CNBM Ltd., led the management team to hold a Results Press Conference in Hong Kong, as appointed by Song Zhiping, Board Chairman of CNBM Group.

Mr. Cao highlighted three major achievements. (1) The quality of the balance sheet improved significantly; as of the end of 2018, the net debt ratio was 130.6% down 18.4 percentage points year-on-year, and the gearing ratio was 68.8%, down 3.8 percentage points year-on-year. (2) The net cash flow from operating activities performed well and went up by 92.1% year-on-year to 48.5 billion yuan in 2018. (3) Profits improved significantly, with gross profit increased by 44.9% year-on-year to 20.36 billion yuan and net income attributable to parent increased by 63.3% year-on-year to 8.07 billion yuan.

In 2019, CNBM Ltd. will focus on the following five aspects and continue to move towards a new stage of high-quality development. (1) CNBM Ltd. will make every effort to push forward the supply-side structural reform, insist on reducing overproduction and overcapacity, increase efforts to limit cement production, and eliminate backwardness. (2) CNBM Ltd. will make every effort to promote the "three fine" management to reduce costs and increase efficiency. (3) CNBM Ltd. will make every effort to advance the integration of business segments and further exploit the synergy effect. (4) CNBM Ltd. will make every effort to promote balance sheet optimization, strictly control capital expenditure, optimize the financing structure and financing mode, and continue to reduce leverage and debt. (5) CNBM Ltd. will make every effort to promote the transformation and upgrading; in the cement segment, CNBM Ltd. will accelerate the development of "cement+" model, optimize the layout of cement and commercial concrete, and expand the production capacity of aggregates; in the new materials segment, CNBM Ltd. will consolidate its leading position in the market of gypsum board, fiberglass and fan blade, and accelerate the development of new materials such as carbon fiber and lithium battery separator; in the engineering services segment, CNBM Ltd. will consolidate its leading position in the traditional market of cement and glass engineering services and advance the localization and industrialization.