CNBM Successfully Holds the 2022 Annual Results Conference in Hong Kong
News| 2023-03-28

On March 27, China National Building Material Company Limited (stock code: HK.03323, hereinafter referred as “CNBM” or the “Company”) successfully conducted its 2022 annual results conference in Hong Kong. The event was attended by esteemed guests, including Zhou Yuxian (Secretary of the Party Committee and Chairman of CNBM Group, and also Secretary of the Party Committee and Chairman of CNBM), Wei Rushan (Member of the Standing Committee of the Party Committee and Deputy General Manager of CNBM Group, Deputy Secretary of the Party Committee, President, and Executive Director of CNBM), Liu Yan (Deputy Secretary of the Party Committee and Executive Director of CNBM), Chen Xue’an (Vice President and Chief Financial Officer of CNBM), Xiao Jiaxiang (Executive Director of CNBM), Pei Hongyan (Secretary of the Board of Directors and Chief Accountant of CNBM), Xue Zhongmin (Vice President of CNBM), and Yin Zibo (Chairman of Beijing New Building Material Group Co., Ltd.). The conference provided an opportunity for direct engagement with investors and analysts, offering detailed responses to their inquiries and concerns related to the capital market.

Mr. Zhou expressed heartfelt gratitude to the investors and analysts who have consistently shown care and support for the development of CNBM, and extended appreciation to the management team for their dedicated efforts.

Mr. Zhou highlighted that CNBM is actively pursuing a transformation towards high-quality development. In the short term, the Company has achieved three key changes in its operating indicators. Firstly, the dividend ratio is consistently increasing, aiming to continuously create value for all shareholders. Secondly, the net debt ratio has declined constantly, with further reductions anticipated in the future. Lastly, the operating net cash flow has continued to grow, with a focus on strengthening this aspect in the future.

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