CNBM Ltd. Releases 2019 Interim Results
News| 2022-03-09

In the first half of 2019, the company's development quality was improved and operating results grew significantly.


On August 23, China National Building Material Company Limited (hereinafter referred to as CNBM Ltd.) (stock code: HK3323) released its 2019 Interim Results Announcement. On August 27, Cao Jianglin, General Manager of China National Building Material Group Co., Ltd. (CNBM Group), led the management team to hold a Results Press Conference in Hong Kong, as appointed by Song Zhiping, Board Chairman of CNBM Group.


In the first half of 2019, CNBM Ltd. achieved revenue of 112.16 billion yuan, up 17.8% year-on-year, gross profit of 12.66 billion yuan, up 37.4% year-on-year, and net income attributable to parent of 5.77 billion yuan, up 51.3% year-on-year. The sales volume of cement clinker was 170 million tons, up 5.9% year-on-year. The sales volume of commercial concrete was 49.23 million cubic meters, up 17.1% year-on-year. The sales volume of aggregates was 23.89 million tons, up 68.4% year-on-year. The sales volume of gypsum boards was 904 million square meters, up 4.4% year-on-year. The sales volume of fiberglass yarn was 1.14 million tons, up 4.3% year-on-year. The sales volume of wind turbine blades was 4,483 MW, up 121.4% year-on-year. The revenue of engineering services was 17.30 billion yuan, up 12.8% year-on-year.


Cao Jianglin summarized two major features. (1) The three major indicators performed outstandingly: net profit increased significantly, net cash flow from operating activities grew rapidly, and debt and ratio continued to decline. (2) The three major businesses had their own highlights: cement, new materials and engineering services developed side by side, and the main products performed well.


In the second half of the year, CNBM Ltd. will make every effort to push forward the supply-side structural reform, transformation and upgrading, and rapidly promote the development of new materials business, practice the business philosophy of "price, cost and benefit", and advance the integration and optimization.

 

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