智通财经APP获悉，水泥股早盘普跌，截至发稿，中国建材(03323)跌5.21%，报2.73港元；西部水泥(02233)跌3.03%，报0.64港元；华润建材科技(01313)跌2.34%，报1.24港元；海螺水泥(00914)跌2.09%，报15.94港元。 申万宏源指出，受地产端影响，全年水泥价格始终处于低位，根据数字水泥网，42.5水泥全年均价为394.72元/吨，同比下降14.91%，第四季度均价为374.36元/吨，环比上涨3.34%，同比下降15.41%，板块企业业绩承压明显。 银河证券指出，2023年全年水泥产量20.23亿吨，同比下降0.7%，降幅较1-11月收窄0.2个百分点，其中12月单月水泥产量为1.58亿吨，同比减少0.9%，环比减少16.79%。短期内水泥需求疲软，预计2月气温回暖后，下游施工有望迎来旺季，水泥需求有望增加；长期来看，行业产能过剩，错峰生产成为常态，今年基建有望维持高增长，地产开工有望回暖，水泥需求将改善。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （在中華人民共和國註冊成立的成員責任有限的股份有限公司） 2023年第三季度報告 茲提述本公司日期為2023年6月5日、2023年6月7日、2023年6月8日、2023年7月5日、 2023年7月7日、2023年7月10日、2023年7月31日、2023年8月2日、2023年8月3日、 2023年8月21日、2023年8月23日、2023年8月24日的公告及日期為2023年4月6日的通函。 2021年9月6日本公司獲批在由該日起計24個月內公開發行面值總額不超過人民幣200億元 的可續期公司債券。自本公司日期為2023年4月28日的2023年第一季度報告公告起至本 公告日止，本公司已發行四期可續期公司債券。 2023年度第一期可續期公司債券（品種一）於2023年6月6日完成發行，實際發行規模人民 幣10億元，面值為人民幣100元，基礎期限為2年，以每2個計息年度為1個週期，在每 個週期末，本公司（發行人 ...

Company Overview - As of June 30, 2023, the company has issued a total of 8,434,770,662 shares[5]. - The company is the largest producer globally in several categories, including cement, ready-mixed concrete, fiberglass, electronic cloth, gypsum board, light steel keel, wind turbine blades, and cement technology equipment integration services[5]. - The company aims to create a world-class materials enterprise focused on value creation and shareholder returns[3]. - The company has a diversified ownership structure, with the largest shareholder holding 64.38%[16]. - The company has approximately 148,352 employees as of June 30, 2023, with a compensation policy linked to overall economic performance[187]. Financial Performance - As of June 30, 2023, the company's revenue was RMB 102,373.9 million, a decrease of 8.5% compared to RMB 111,883.5 million in the same period of 2022[20]. - The company's net profit attributable to equity holders was RMB 1,404.1 million, down 74.9% from RMB 5,593.6 million year-on-year[20]. - The total assets increased by 2.9% to RMB 503,614.7 million from RMB 489,343.5 million as of December 31, 2022[23]. - The total liabilities rose by 5.5% to RMB 309,573.4 million compared to RMB 293,355.6 million at the end of 2022[23]. - The net cash inflow from operating activities for the six months ended June 30, 2023, was RMB 8,382.0 million, a decrease of RMB 3,068.3 million compared to RMB 11,450.3 million for the same period in 2022[115]. - The net cash outflow from investing activities for the six months ended June 30, 2023, was RMB 10,419.8 million, a decrease of RMB 1,903.2 million compared to RMB 12,323.0 million for the same period in 2022[116]. - The net cash inflow from financing activities for the six months ended June 30, 2023, was RMB 7,587.8 million, down RMB 3,543.7 million from RMB 11,131.5 million for the same period in 2022[117]. Market and Industry Trends - The interim report highlights significant growth in the basic building materials and new materials sectors, contributing to the company's market leadership[5]. - The company is actively pursuing market expansion and technological innovation to enhance its competitive edge[5]. - In the first half of 2023, the national cement production reached 953 million tons, with the industry's total profit declining by 60% year-on-year to RMB 16.5 billion due to oversupply and falling prices[39]. - The domestic GDP grew by 5.5% year-on-year in the first half of 2023, indicating strong economic resilience, while fixed asset investment increased by 3.8%[37]. - Infrastructure investment in China increased by 7.2% year-on-year, providing crucial support for demand in the construction materials sector[37]. Strategic Initiatives - The company is committed to research and development of new products and technologies to meet evolving market demands[5]. - The company is exploring strategic mergers and acquisitions to strengthen its market position and operational capabilities[5]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge[20]. - The company aims to enhance core competitiveness and strengthen core functions, focusing on high-quality development and strategic layout in key growth areas[119]. - The company plans to optimize and upgrade its operations, expanding profit margins through "Cement+" initiatives and internationalization, while also focusing on sustainable development through "dual carbon" strategies[120]. Operational Performance - Cement sales volume was 126,795 thousand tons, a slight decrease of 0.9% from 127,965 thousand tons in the previous year[27]. - The average selling price of cement dropped by 15.1% to RMB 301.5 per ton from RMB 355.2 per ton[27]. - The sales volume of glass fiber increased by 19.7% to 1,683 thousand tons, while the average selling price decreased by 28.5% to RMB 4,963 per ton[30]. - The new materials segment achieved record sales volume in fiberglass, driven by a focus on high-value products and the establishment of a zero-carbon intelligent manufacturing base[43]. - The waterproof system segment achieved revenue and net profit growth, with a focus on optimizing product structure and expanding high-quality customer channels[53]. Research and Development - The company has 218 high-tech enterprises and 14,000 effective patents, including 3,238 invention patents, reflecting strong R&D capabilities[64]. - The digital transformation initiative has led to the establishment of 85 intelligent production lines, with 8 new lines added in the first half of 2023[67]. - The launch of the T1100 product marks a breakthrough in high-performance carbon fiber, enhancing competitiveness in the international market[52]. - The company is advancing its digital transformation initiatives, including the establishment of a "lighthouse factory" for the fiberglass industry to enhance production efficiency and management[43]. Corporate Governance and Compliance - The company has established a compliance management committee and an internal control system to enhance risk management and compliance oversight[177]. - The board of directors has reviewed the effectiveness of the internal control and risk management systems, covering financial, operational, compliance, and risk management functions[177]. - The company has engaged intermediary service organizations to optimize its internal control and risk management mechanisms[177]. - The board has proposed not to declare an interim dividend for the six months ended June 30, 2023[127]. Mergers and Acquisitions - The company completed the acquisition of 100% equity in Zhongfu Lianzhong, which became a wholly-owned subsidiary as of June 30, 2023[20]. - The total consideration for the Ningxia Building Materials' absorption merger with China Building Materials Information Technology is RMB 2,294.3080 million, with a share exchange ratio of 1:1.1628[140]. - The restructuring will eliminate competition in the cement business and allow Tianshan Cement to manage Qilian Mountain Cement's operations[136]. - The merger aims to resolve competition issues within the cement business and enhance the company's digital service platform through the integration of China Construction Information's digital advantages[148]. Legal and Regulatory Matters - The company has not been involved in any significant litigation or arbitration affecting its operations, except for the ongoing U.S. gypsum board litigation[182]. - As of the report date, 41 out of 90 plaintiffs have settled their claims in the U.S. gypsum board litigation, while 49 claims remain active[186].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （在中華人民共和國註冊成立的成員責任有限的股份有限公司） 截至二零二三年六月三十日止六個月之中期業績公告 截至二零二三年六月三十日止六個月，本集團未經審核收入為人民幣102,374百萬元， 較二零二二年同期下降8.5%。 本集團未經審核權益持有者應佔利潤為人民幣1,404百萬元，較二零二二年同期下降 74.9%。 每股基本盈利為人民幣0.166元，較二零二二年同期下降74.9%。董事會建議不派付中 期股息。 董事會公佈本集團截至二零二三年六月三十日止六個月未經審核綜合業績及截至二零二 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （在中華人民共和國註冊成立的成員責任有限的股份有限公司） 2023年第一季度報告 兹提述本公司日期為2022年10月12日、2022年10月14日、2022年10月17日的公告及日期 為2023年4月6日的通函。 本公司於2020年4月17日成為中國銀行間市場交易商協會首批第一類成熟層企業，在中 國銀行間債券市場統一註冊債務融資工具TDFI（包含但不限於超短期融資券、短期融資 券、中期票據、永續票據、資產支持票據、綠色債務融資工具），分類別分期發行，期 限兩年。鑒於該次註冊通知書於2022年3月18日到期，2022年3月14日本公司又在中國銀 行間債券市場統一註冊債務融資工具TDFI（包含但不限於超短期融資券、短期融資券、 中期票據、永續票據、資產支持票據、綠色債務融資工具），分類別分期發行，期限兩 年。 ...

Company Overview - CNBM is the world's largest cement producer, concrete producer, glass fiber producer, gypsum board producer, wind turbine blade producer, and light steel keel producer[6] - CNBM's total issued share capital as of December 31, 2022, was 8,434,770,662 shares[6] - CNBM's H-shares were listed on the Hong Kong Stock Exchange on March 23, 2006, with stock code 03323[6] - CNBM completed a share swap with Sinoma in 2018[6] - CNBM's main businesses include basic building materials, new materials, and engineering technical services[6] - CNBM's board of directors includes Chairman Zhou Yuxian and President Wei Rushan[7] - CNBM's registered office is located at No. 17 Fuxing Road, Haidian District, Beijing, China[10] - CNBM's international auditor is Deloitte Touche Tohmatsu[11] - CNBM's domestic auditor is Dahua Certified Public Accountants[11] - CNBM's H-share share registrar is Tricor Tengis Limited[11] Financial Performance - Revenue for 2022 decreased by 16.5% to RMB 230.17 billion compared to RMB 275.62 billion in 2021[17] - Gross profit for 2022 dropped by 40.7% to RMB 38.99 billion from RMB 65.73 billion in 2021[17] - Net profit attributable to equity holders of the company fell by 51.2% to RMB 7.96 billion in 2022 from RMB 16.30 billion in 2021[17] - Total assets increased by 4.0% to RMB 482.47 billion in 2022 from RMB 464.00 billion in 2021[18] - Total liabilities rose by 1.9% to RMB 290.13 billion in 2022 from RMB 284.72 billion in 2021[18] - Net assets grew by 7.3% to RMB 192.34 billion in 2022 from RMB 179.28 billion in 2021[18] - Non-controlling interests increased by 17.5% to RMB 70.54 billion in 2022 from RMB 60.06 billion in 2021[18] - The company's equity attributable to equity holders increased by 3.5% to RMB 105.97 billion in 2022 from RMB 102.41 billion in 2021[18] - The asset-liability ratio slightly increased by 0.1 percentage points to 36.1% in 2022[18] - The net debt ratio decreased by 0.9 percentage points to 77.0% in 2022[18] - Revenue decreased by 16.5% from RMB 275,618.6 million in 2021 to RMB 230,167.7 million in 2022, primarily due to a decline in the basic materials and engineering services segments[62][63] - Net profit attributable to equity holders dropped by 51.2% from RMB 16,299.9 million in 2021 to RMB 7,961.6 million in 2022, with net profit margin declining from 5.9% to 3.5%[62][74] - Basic materials segment revenue fell by 21.5% to RMB 147,230.5 million in 2022, driven by lower average selling prices and sales volumes of cement and concrete products[75] - Gross profit of the basic materials segment decreased by 51.8% to RMB 21,757.1 million in 2022, with gross margin dropping from 24.0% to 14.8% due to rising coal prices and lower product prices[78] - Revenue of the New Materials division increased slightly by 0.1% from RMB 45,584.4 million in 2021 to RMB 45,647.8 million in 2022, driven by higher average selling prices of gypsum boards, glass fiber yarn, and lithium battery separators[80] - Gross profit of the New Materials division decreased by 12.8% from RMB 12,653.6 million in 2021 to RMB 11,030.2 million in 2022, with the gross margin dropping from 27.8% to 24.2%[83] - Revenue of the Engineering Technology Services division decreased by 19.3% from RMB 47,250.1 million in 2021 to RMB 38,109.7 million in 2022[86] - Gross profit of the Engineering Technology Services division decreased by 24.6% from RMB 8,083.5 million in 2021 to RMB 6,091.8 million in 2022, with the gross margin dropping from 17.1% to 16.0%[88] - Operating profit of the Basic Materials division decreased by 56.0% from RMB 26,152.0 million in 2021 to RMB 11,502.0 million in 2022, with the operating profit margin dropping from 13.9% to 7.8%[79] Sales and Production Volume - Cement sales volume decreased by 15.2% to 281,523 thousand tons in 2022 compared to 2021[20] - Clinker sales volume decreased by 13.2% to 35,080 thousand tons in 2022 compared to 2021[20] - Combined cement and clinker sales volume decreased by 15.0% to 316,603 thousand tons in 2022 compared to 2021[20] - Gypsum board sales volume decreased by 12.0% to 2,092.7 million square meters in 2022 compared to 2021[21] - Wind turbine blade sales volume increased by 29.8% to 20,621 MW in 2022 compared to 2021[21] - Lithium battery separator sales volume increased by 65.3% to 1,133.3 million square meters in 2022 compared to 2021[21] - Engineering technical service revenue decreased by 19.3% to RMB 38,109.7 million in 2022 compared to 2021[22] - The company's consolidated revenue decreased by 16.5% to RMB 230,168 million in 2022 compared to 2021[26] - Profit attributable to equity holders decreased by 51.2% to RMB 7,962 million in 2022 compared to 2021[26] Strategic Goals and Development - The company aims to build a world-class materials enterprise in 2023, focusing on improving core competitiveness and enhancing core functions as the two key drivers of high-quality development[27] - The company aims to achieve a GDP growth target of around 5% in 2023, focusing on stabilizing growth, industrial transformation, innovation-driven development, and green initiatives[105] - The company plans to deepen supply-side structural reforms, optimize industry ecology, and promote high-quality development in the building materials sector[105] - Emphasis on digital transformation, including the development of intelligent factories and digital mines, to enhance production efficiency[107] - Accelerating green energy transition by increasing the proportion of photovoltaic and wind power, and improving energy utilization efficiency[107] - Expanding international presence, particularly in "Belt and Road" countries, leveraging overseas projects and funding[108] - Strengthening corporate governance and market-oriented mechanisms, with a focus on long-term incentive tools to align individual and company interests[108] - Enhancing value creation through capital operations, business integration in the building materials and new materials sectors, and improving core competitiveness[108] Industry and Market Trends - In 2022, the company's cement production volume decreased by 10.5% to 2.13 billion tons, the lowest in nearly a decade, due to weak demand and a downturn in the real estate market[34] - The cement industry's total profit in 2022 was approximately RMB 68 billion, a year-on-year decrease of about 60%[34] - The company added 54 million tons of aggregate production capacity in 2022 as part of its "cement+" strategy[34] - China's GDP in 2022 reached RMB 121.02 trillion, a year-on-year increase of 3.0%, with infrastructure investment growing by 9.4% year-on-year[32] - The urbanization rate in China reached 65.2% at the end of 2022, an increase of 0.5 percentage points from the previous year[32] - Glass fiber market demand weakened in 2022, with industry profitability declining due to rising raw material and natural gas prices[37] - Wind power installed capacity reached 370 million kilowatts in 2022, a year-on-year increase of 11.2%[42] - Global demand for lithium battery separators reached 15.7 billion square meters in 2022, a year-on-year increase of 60%[45] - Carbon fiber production capacity in China has become the largest globally, with significant progress in T1100 high-performance carbon fiber technology[46] - Waterproof material industry output decreased by 15.4% in 2022, marking the first decline in the industry[48] - Hydrogen energy cylinder demand increased significantly, with a new base for 100,000 hydrogen cylinders planned in Chengdu and progress in 70MPa Type IV hydrogen cylinder technology[50] - Coatings industry faced weak demand but stabilized profits due to lower raw material prices, with focus on differentiation in architectural coatings and specialization in industrial coatings[52] - International market share for cement technology and equipment remained global leader, with a 16% YoY increase in localized engineering contracts and green energy contracts exceeding RMB 1.5 billion[53] Corporate Governance and Board Activities - The company's Board of Directors held 12 meetings in 2022, focusing on strategic decisions, major investments, and personnel appointments[113] - The company has fully complied with the Corporate Governance Code as of December 31, 2022, ensuring robust governance and risk management[111] - The company's Board of Directors held 12 meetings in 2022, with all non-executive directors attending all meetings[115] - The company has 5 independent non-executive directors, meeting the minimum requirement under the Listing Rules[119] - The Board of Directors is responsible for major decisions including annual financial budgets, profit distribution, and major acquisitions[117] - The company provides regular training and development programs for directors to ensure they have the necessary knowledge and skills[120] - Directors receive monthly and weekly reports covering operational updates, industry trends, and capital market analysis[121] - The company's management, led by the President, is responsible for daily operations and implementing operational decisions[118] - The company ensures directors are fully informed through regular communication and timely reporting from management[118] - Independent non-executive directors provide independent professional opinions on strategic, policy, and investment matters[119] - The company's Board of Directors closely monitors major projects and ensures efficient operations through scientific decision-making[117] - The company's governance structure ensures a balanced and high-quality decision-making process[119] - The company organized multiple training sessions for its directors in 2022, focusing on legal compliance, corporate governance, and international economic trends[122][123] - Independent non-executive directors participated in various training programs, including those on legal responsibilities, information disclosure, and corporate governance[123] - The company conducted an online research session with independent directors and supervisors to discuss operational strategies, international development, and green initiatives[123] - The Strategic Decision Committee reviewed and approved the company's 2021 performance and 2022 work arrangements, as well as the 2022 investment plan[129] - The Nomination Committee underwent changes in 2022, with Zhou Yuxian appointed as the chairman and Sun Yanjun stepping down from the role[130] - The company has established a Board Diversity Policy to enhance corporate governance, ensuring a diverse range of skills, professional and industry experience, cultural and educational backgrounds, ethnicity, tenure, gender, and age among board members[132] - The board currently includes two female members, and the company aims to maintain or increase this proportion in the future[132] - The Nomination Committee has reviewed the Board Diversity Policy and confirmed that the current board members meet the diversity requirements, which supports the company's governance and operational standards[133] - The Nomination Committee follows a detailed process for nominating directors, including internal and external searches, background checks, and consideration of factors such as character, qualifications, and potential contributions to board diversity[134] - In 2022, the Nomination Committee held multiple meetings to review and approve proposals related to the adjustment of subsidiary directors and supervisors, board structure, and the appointment of key executives[135] - The Remuneration and Assessment Committee is responsible for recommending and reviewing the specific remuneration and performance of directors and senior management, with compensation structured into base salary, performance-based salary, special awards, and stock appreciation rights[137] - The Remuneration and Assessment Committee held its first meeting in 2022 to discuss and approve matters related to the remuneration of senior executives[138] - The Audit Committee reviewed the financial reports and performance for the year ended December 31, 2022, ensuring compliance with internal controls and risk management[139][141] - The Audit Committee provided recommendations to the Board on improving corporate governance policies and the continuous development of directors and senior management[141] - The Board is responsible for preparing financial statements that truly and fairly reflect the company's financial position, with management providing key operational data[141] - The Environmental, Social, and Governance (ESG) Committee was established on March 24, 2023, to oversee ESG-related risks and opportunities[142] - The ESG Committee is responsible for formulating and reviewing the company's ESG vision, goals, and strategies, reporting significant ESG matters to the Board[143] - The Nomination Committee proposed Liu Yan and Wei Rushan as candidates for the 5th Board of Directors, approved by the Board and shareholders[145] - The company has established mechanisms to ensure the independence of independent non-executive directors, including regular communication and on-site inspections[146][147] - Independent non-executive directors can engage external professional opinions at the company's expense to support their duties[147] - The company paid a total of RMB 6.439 million for audit and non-audit services in 2022, with RMB 5.35 million for annual audit services and RMB 1.089 million for non-audit services[148] - The company held five shareholder meetings in 2022, including one annual general meeting, two class meetings, and two extraordinary general meetings[152] - The company's risk management and internal control system includes daily monitoring mechanisms and annual evaluation and supervision mechanisms, with departments responsible for identifying, managing, and reporting risks[155] - The company established an internal control system and compliance management committee to strengthen risk management and internal control, in line with domestic laws and regulations and listing rules[154] - The company's board of directors approved three special resolutions at the 2021 annual general meeting, including authorizing the board to issue new shares and repurchase H shares[151] - The company's supervisory board consists of three shareholder representatives, three employee representatives, and two independent supervisors, responsible for overseeing financial and operational compliance[153] - The company held two extraordinary general meetings in 2022, approving resolutions related to restructuring and revised related party transaction limits[152] - The company's internal control system includes setting quantitative and qualitative standards for defect evaluation, categorizing defects as major, significant, or general based on their impact[155] - The company's risk management framework assesses risks based on probability and impact, categorizing them into five levels from very severe to minor[155] - The company requires subsidiaries to prepare a "Major Risk Tracking and Monitoring Table" quarterly to monitor and prevent risks faced by the group[155] - The company's internal control system is designed to manage risks and ensure reasonable assurance against significant misstatements or losses, with the Board of Directors (via the Audit Committee) responsible for its effectiveness[157] - The company has established procedures for handling and disclosing insider information, involving legal compliance and the Board Secretariat, with announcements made on the company and HKEX websites[158] - The company revised its articles of association in 2022, with changes approved by the Board of Directors and the second extraordinary general meeting of shareholders[159] - The company places high importance on investor relations, utilizing various communication channels such as shareholder meetings, earnings releases, roadshows, and investor summits to enhance transparency and governance[160] - The company received multiple awards in 2022, including the "Best Investor Relations Award" for Hong Kong-listed companies and recognition in ESG-related indices and rankings[161][163] - The company's Board of Directors reviewed and confirmed the effectiveness of the company's risk management and internal control systems, ensuring compliance with relevant codes and regulations[157] - The company's investor relations management includes a dedicated Board Secretariat, a comprehensive investor relations management system, and a multi-channel communication mechanism[160] - The company's internal audit and financial reporting budgets are reviewed annually to ensure adequate resources and employee qualifications[157] - The company's major transactions are subject to internal review by legal compliance and the Board Secretariat, with legal consultation and board approval required for insider information disclosures[158] - The company's investor relations efforts include the formulation of a "Quality Improvement Plan for Listed Companies" to strengthen investor relations and market value management[160] Dividend and Shareholder Information - The company plans to distribute a final dividend of RMB 3,188,343,310.24 (tax included) for the period from January 1, 2022, to December 31, 2022, based on 8,434,770,662 issued shares, amounting to RMB 0.378 per share (tax included)[168] - The final dividend per share will depend on the number of issued shares on May 10, 2023[168] - The company's dividend policy, established in 2019, ensures sufficient cash reserves to meet funding needs, future growth, and equity value[169] - Non-resident enterprise shareholders will have a 10% corporate income tax withheld on the final dividend[170] - Mainland corporate investors holding H-shares for 12 consecutive months are exempt from corporate income tax on dividends[170] - Individual H-shareholders will have a 20% personal income tax withheld on dividends, with exceptions for certain tax treaties[171] - Hong Kong and Macau residents, as well as those from countries with a 10% dividend tax rate treaty with China, will have a 10% personal income tax withheld[172] - Individual H-shareholders from countries with a tax treaty rate lower than 10% must submit relevant documents by May 11, 2023, to enjoy the treaty benefits[173] - Individual H-shareholders from countries with a tax treaty rate higher than 10% but lower than 20% will have taxes withheld at the actual treaty rate[173] - Individual H-shareholders from countries with a 20% tax treaty rate or no treaty will have a 20% personal income tax withheld[173] - The company will suspend share transfer registration from April 25, 2023, to April 28, 2023, to determine

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （在中華人民共和國註冊成立的成員責任有限的股份有限公司） 截至2022年12月31日止年度業績公告 截至2022年12月31日止年度，本集團經審核合併口徑營業收入為人民幣230,168百萬 元，較2021年同期下降了16.5%。 本集團經審核權益持有人應佔利潤為人民幣7,962百萬元，較2021年同期下降了51.2%。 基本每股盈利為人民幣0.944元，較2021年同期下降了51.2%。 董事會現擬建議向於2023年5月10日（星期三）名列本公司股東名冊的股東派付2022 年1月1日至2022年12月31日期間的末期股息，合共人民幣3,188,343,310.24元（含稅） （2021年合共人民幣5,845,296,068.77元（含稅）），基於截至2023年3月24日已發行股份 8,434,770,662股，每股派付人民幣0.378元（含稅）（2021年每股人民幣0.693元（含稅））。 ...

Company Overview - The company is the world's largest producer of cement, ready-mixed concrete, gypsum board, fiberglass, wind turbine blades, light steel keel, and cement technology equipment integration services[7]. - The company aims to become a world-class materials enterprise focused on value creation and shareholder returns[3]. - The company is actively involved in the development of new materials and engineering technology services[6]. - The company has a strategic focus on expanding its market presence and enhancing its product offerings[6]. - The company is committed to creating a better world through materials innovation[3]. - The company is continuously exploring mergers and acquisitions to strengthen its market position and expand its capabilities[6]. Financial Performance - China National Building Material reported a revenue of RMB 50 billion for the first half of 2022, representing a year-on-year increase of 15%[28]. - The company achieved a net profit of RMB 5 billion, up 20% compared to the same period last year[28]. - The company's revenue for the six months ended June 30, 2022, was RMB 108,962,840, a decrease of 10.6% compared to RMB 121,872,771 in the same period of 2021[50]. - Gross profit for the same period was RMB 21,055,865, reflecting a decline of 30.6% from RMB 30,338,956 in 2021[50]. - Net profit attributable to equity holders was RMB 5,447,595, down 31.2% from RMB 7,918,748 in the previous year[50]. - Future guidance estimates a revenue growth of 12% for the second half of 2022, driven by increased demand in infrastructure projects[28]. Market Position and Strategy - The company has established a significant market position based on production capacity and contract amounts as of mid-2022[6]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[28]. - New product lines, including eco-friendly cement, are expected to contribute an additional RMB 2 billion in revenue by the end of 2023[28]. - The company is focusing on digital transformation and green energy development, with significant progress in its "water + " business model contributing to profit enhancement[59]. - The company is advancing its international business layout with projects in Bosnia, Thailand, and Uzbekistan progressing smoothly[60]. Research and Development - Research and development investments increased by 30%, focusing on innovative construction materials and technologies[28]. - The company is actively pursuing technological innovation, with a focus on key core technology breakthroughs in high-performance gypsum-based materials and intelligent manufacturing[60]. - Key technological innovations include the successful development of thermal insulation materials and high-strength yarns used in critical components for space missions[70]. Governance and Management - The company has a strong governance structure with various committees overseeing strategic decisions, nominations, and remuneration[10]. - The strategic decision-making committee has been established to oversee the company's long-term development strategies and major investment plans[126]. - The nomination committee has reviewed the board's diversity policy, ensuring compliance with relevant regulations and enhancing governance[128]. - The remuneration and assessment committee has reviewed the compensation matters for senior management for the year 2021[129]. - The audit committee has monitored the company's financial reporting processes and internal controls, reviewing the 2021 audit fees and the 2022 interim performance report[131]. Share Capital and Dividends - As of June 30, 2022, the total issued share capital of the company is 8,434,770,662 shares[6]. - The company will not declare an interim dividend for the six months ended June 30, 2022[111]. - The company announced a final dividend of RMB 5,845.3 million for the fiscal year ended December 31, 2021, equating to RMB 0.693 per share[110]. Operational Efficiency - The company plans to enhance operational efficiency by implementing lean management practices and optimizing organizational structure to improve productivity[107]. - A new logistics strategy is projected to decrease operational costs by 10% over the next year[28]. - The company has completed the organizational structure and management system for the new Tianshan Cement headquarters and its regional companies, enhancing operational efficiency[59]. Financial Position and Risks - The total assets as of June 30, 2022, amounted to RMB 485,864,995, representing a growth of 5.0% from RMB 462,542,131 at the end of 2021[51]. - The total liabilities increased by 5.1% to RMB 298,407,618 from RMB 283,917,708 as of December 31, 2021[51]. - The net debt ratio as of June 30, 2022, was 78.7%, up from 78.1% at the end of 2021[51]. - The company has initiated a cost-saving plan and is implementing differentiated cost control to mitigate the impact of rising raw material prices[60]. - The financial risk management policies have not changed during the reporting period, indicating a consistent approach to market, credit, liquidity, and capital risks[196]. Employee and Compliance Management - As of June 30, 2022, the group employed approximately 154,208 employees, with compensation policies linked to overall economic performance[139]. - The company has established a compliance management committee and is developing a compliance management manual to enhance risk management and internal controls[132]. - The board of directors has reviewed the effectiveness of the internal control, risk management, and compliance systems, covering financial, operational, and compliance monitoring[132]. Acquisitions and Investments - The company has completed two strategic acquisitions, enhancing its production capacity by 15%[28]. - China National Building Material acquired 100% equity of Hefei Cement Research Design Institute for a total consideration of RMB 5.4708 billion, consisting of RMB 847.08 million in cash and 366,878,106 new shares, representing 16.19% of the total issued share capital[114]. - A significant transaction involved the acquisition of mining rights for RMB 2,484 million, with total estimated costs for subsequent production line construction adjusted to approximately RMB 10,613 million[112]. Shareholder Structure - The total number of shares issued by the company as of June 30, 2022, is 8,434,770,662, comprising 3,876,624,162 domestic shares and 4,558,146,500 H shares[157]. - The beneficial owner of the parent company holds 628,592,008 shares, while the controlled corporation equity amounts to 2,984,713,973 shares, totaling 3,613,305,981 shares[157]. - The company has a significant number of shares held by various subsidiaries and investment management firms, indicating a diversified shareholder base[159]. Legal and Compliance Issues - The group has not been involved in any significant litigation or arbitration affecting its operations, except for the ongoing U.S. gypsum board litigation[138]. - The company continues to monitor the progress of the U.S. gypsum board litigation and will disclose updates as necessary[138].

Financial Performance - Total revenue for Q1 2022 reached CNY 48.15 billion, a slight increase from CNY 47.86 billion in Q1 2021, representing a growth of approximately 0.6%[9] - Operating profit for Q1 2022 was CNY 3.69 billion, down from CNY 4.12 billion in Q1 2021, indicating a decrease of about 10.4%[10] - Net profit attributable to shareholders for Q1 2022 was CNY 1.76 billion, compared to CNY 1.98 billion in Q1 2021, reflecting a decline of approximately 11.0%[10] - Net profit for the first quarter of 2022 was RMB 446.86 million, compared to RMB 196.26 million in the same period of 2021, showing an increase of about 128.5%[46] - Operating income for the first quarter of 2022 was RMB 118.07 million, up from RMB 92.13 million in the first quarter of 2021, representing a growth of approximately 28.2%[45] Assets and Liabilities - As of March 31, 2022, the total current assets amounted to RMB 169.95 billion, an increase from RMB 149.85 billion as of December 31, 2021, representing a growth of approximately 13.4%[5] - Total assets as of March 31, 2022, amounted to CNY 483.29 billion, an increase from CNY 461.30 billion as of December 31, 2021, showing a growth of about 4.8%[8] - Total liabilities increased to CNY 297.67 billion as of March 31, 2022, from CNY 282.64 billion at the end of 2021, marking an increase of approximately 5.3%[7] - Current liabilities rose to CNY 29.45 billion, up from CNY 23.01 billion, indicating an increase of about 28.8%[18] - The total liabilities increased to CNY 67.27 billion from CNY 57.27 billion, reflecting a rise of approximately 17.5%[44] Cash Flow - For the three months ended March 31, 2022, the net cash flow from operating activities was -6,702,113,874.87 RMB, compared to -2,167,033,430.58 RMB for the same period in 2021, indicating a significant decline in operational cash flow[12]. - The total cash inflow from investment activities was 5,740,003,042.23 RMB in Q1 2022, up from 2,215,829,152.55 RMB in Q1 2021, reflecting an increase of approximately 159.5%[13]. - Cash outflow from investment activities rose to 9,425,795,532.08 RMB in Q1 2022, compared to 6,843,076,899.42 RMB in Q1 2021, marking an increase of about 37.5%[13]. - The net cash flow from financing activities increased to 18,987,953,214.47 RMB in Q1 2022, compared to 10,373,131,651.10 RMB in Q1 2021, representing an increase of approximately 83.5%[14]. - The total cash inflow for operating activities in Q1 2022 was CNY 13,579,758.93, reflecting a positive trend in operational performance[47] Investments and Financing - The total amount of short-term financing bonds issued in 2022 was RMB 2 billion, with a maturity of 210 days and an interest rate of 2.00%[1] - The first medium-term note issued in 2022 totaled RMB 2 billion with a 3-year term and an interest rate of 2.85%[2] - The second medium-term note issued in 2022 also amounted to RMB 2 billion, with a 3-year term and an interest rate of 2.75%[2] - The first perpetual corporate bond issued in 2022 had a total issuance size of RMB 2 billion, with a base term of 3 years and an interest rate of 2.99%[3] - The company has been approved to publicly issue corporate bonds totaling up to RMB 20 billion within a 24-month period starting from October 29, 2020[2] Research and Development - Research and development expenses for Q1 2022 were CNY 823.71 million, down from CNY 918.20 million in Q1 2021, indicating a decrease of approximately 10.3%[9] - Research and development expenses for the first quarter of 2022 were RMB 94.36 million, compared to RMB 84.90 million in the same period of 2021, indicating an increase of about 11.5%[45] Equity - Total equity attributable to shareholders increased to CNY 75.77 billion as of March 31, 2022, from CNY 74.93 billion as of December 31, 2021, representing a growth of about 1.1%[19] - The total equity attributable to shareholders increased to RMB 122.16 billion from RMB 118.83 billion, marking a growth of around 2.8%[33]