CNBM: the group achieved operating revenues of 253.4 billion yuan, with year-on-year growth of 15.7%

Byzengjiaming12

Updated Thu, 26 Mar 2020 17:19:57 GMT

中国建材

  CNBM (03323) released its 2019 performance. According to the announcement , the group realized operating revenues of 253.4 billion yuan with year-on-year growth of 15.7%; the profit attributable to equity holders was 10.974 billion yuan, increased by 38.4% year-on-year; basic EPS(earnings per share) was 1.301 yuan; 0.350 yuan per share (tax included) was proposed.

  The announcement stated that in 2019, the sales volume of cement clinker reached 391 million tons, increased by 6% year-on-year; the sales volume of commercial concrete reached 112 million m3,increased by 16.5% year-on-year; the sales volume of aggregate was 52.38 million tons, increased by 48.5% year-on-year; the sales volume of gypsum board was 1.966 billion m2, increased by 5.2% year-on-year; the sales volume of glass fiber was 2.48 million tons, increased by 12.1% year-on-year; the sales volume of wind-power blade was 10,829 MW, increased by 34.7% year-on-year; the revenue of engineering services was 40.376 billion yuan, increased by 18.1% year-on-year.

  The increase in revenues was due to the increase in revenues of the Group's cement division, engineering services division and new materials division. The company's net profit margin increased from 3.6% in 2018 to 4.3% in 2019.

  In 2019, CNBM actively responded to the challenges of the demand plateau, overcapacity, tightening environmental protection, rising raw material prices, and ultra-rigorous transportation control. They further promoted the supply-side structural reform of the cement industry, implemented off-peak production, eliminated backwardness, and restricted new additions, promoted the improvement of capacity replacement policy; they implemented the cancellation of PC32.5R cement and propelled the improvement of product standards; they continued to promote lean management, refined management and streamline organization; they promoted the transformation of high-end oriented, greenization, intelligentize and internationalization by relying on technological innovation, vigorously advanced the “Cement +” model, optimized the layout of cement and commercial concrete and accelerated the development of aggregate business. By the end of 2019, the cement capacity reached 521 million tons.