CNBM: the net profit attributable to shareholders in the first half of the year was 7.959 billion yu

Byzengjiaming12

Updated Tue, 07 Sep 2021 10:54:33 GMT

China National Building Materials (03323) announced its results for the six months ended 30 June 2021. The group achieved operating revenue of 121.87 billion yuan, increased by 14.11% year-on-year; the net profit attributable to shareholders was 7.959 billion yuan, increased by 47.92% year-on-year, and the net profit per share was 0.944 yuan.

In the first half of the year, the Group's cement clinker sales was 177 million tons, with a year-on-year growth of 7.6%; the sales of commercial concrete was 52 million cubic meters, increased by 13.4% year-on-year; aggregate sales was 43 million tons, increased by 30.0% year-on-year; gypsum board sales was 1.159 billion square meters, with a year-on-year increase of 40.5%; glass fiber yarn sales was 1.45 million tons, with a year-on-year increase of 18.0%; wind power blade sales was 6,591 MW, increased by 2.4% year-on-year; engineering service revenue was 20.677 billion yuan, increased by 31.4% year-on-year.

In the first half of 2021, the group actively responded to various kinds of risks and challenges, steadily and effectively promoted various tasks, which showed the characteristics of "precision, practicality, detail, and innovation". In terms of operation, the group continued promoting the "Three Fine Management”, maintaining the ecological health of the industry, comprehensively improving the quality of operation, accelerating the digital transformation, and persisting in streamlining and lean.

In terms of reform, CNBM implemented the three-year reform of state-owned enterprises, devoted full efforts to break through the key reform tasks, advanced market-oriented operating mechanisms. Besides, it optimized the layout of state-owned capital, promoted business integration in an orderly way, completed the entire circulation project, and quickened the pace of preparations for the listing of science and technology reform enterprises on the science and technology innovation board.

In terms of innovation, CNBM strengthened innovation-driven, scientific and technological breakthroughs to achieve new results, and accelerated the industrialization of results. In addition, it deepen green development, carried out carbon management, intensified energy conservation and emission reduction. Furthermore, it improved the industrial structure, accelerated the transformation and upgrade of cement business, continued to developed new materials, and consolidated and improved engineering technical services. In terms of party building, the group solidly promoted the study and education of party history, deepened the integration of party building and management, and effectively transformed the advantages of party building into governance efficiency.