Company Overview - The total number of issued shares of China Resources Building Materials Technology Holdings Limited is 6,982,937,817, with China Resources Group holding approximately 68.72% of the issued shares[5]. - The company was re-listed on the main board of the Stock Exchange on October 6, 2009, after being privatized in 2006[5]. - The company changed its name from China Resources Cement Holdings Limited to China Resources Building Materials Technology Holdings Limited on November 3, 2023[5]. - The company is the holding entity for all cement and concrete operations of China Resources Group, which was established on March 13, 2003[4]. - The company has undergone significant changes in its corporate structure, including privatization and re-listing, impacting its operational strategy[4]. Financial Performance - The Group's turnover for 2023 was RMB 25,549.6 million, a decrease from RMB 36,929.2 million in 2022[55]. - The profit attributable to owners of the Company for 2023 was RMB 643.8 million, down from RMB 1,612.6 million in 2022[55]. - The Group's EBITDA for 2023 was RMB 4,082.0 million, compared to RMB 4,418.8 million in 2022[55]. - The consolidated turnover for the year ended 31 December 2023 amounted to RMB 25,549.6 million, representing a decrease of 12.9% compared to the previous year[58]. - The consolidated profit attributable to owners of the Company for the year ended 31 December 2023 was RMB 643.8 million, a decrease of 60.1% year-on-year[58]. - Basic earnings per share for the year was RMB 0.092[58]. - The total distribution for the year ended 31 December 2023 will be HK$0.047 per share, down from HK$0.129 per share in 2022[59]. - An interim dividend of HK$0.041 per share was declared for 2023, compared to HK$0.12 per share in 2022[58]. - The final dividend recommended for the year ended 31 December 2023 is HK$0.006 per share, down from HK$0.009 per share in 2022[58]. Production Capacity and Operations - The Group operates 101 cement grinding lines and 49 clinker production lines, with annual production capacities of 90.2 million tons of cement and 63.3 million tons of clinker respectively[33]. - The concrete batching plants have an annual production capacity of 38.4 million cubic meters[33]. - The Group's annual production capacity for concrete is supported by 63 concrete batching plants[33]. - The Group owns a total of 74 cement grinding lines, 30 clinker production lines, and 20 concrete batching plants, with total annual production capacities of 64.7 million tons of cement, 37.0 million tons of clinker, and 8.5 million m³ of concrete[35]. - The Group's facilities are strategically located to optimize production and distribution efficiency[33]. Market and Sales - The Group's products are primarily used in infrastructure projects such as railways, highways, subways, bridges, airports, ports, dams, hydroelectric power stations, and nuclear power stations[33]. - The main sales regions for the Group's products include Guangdong, Guangxi, Fujian, Hainan, Yunnan, Guizhou, Shanxi, and Hunan[33]. - The Group's aggregates business is being vigorously developed to increase market share and accelerate project construction[112]. - The Group's aggregates projects are positioned as a key profit contributor, enhancing construction, operation, and sales capabilities[115]. Environmental and Regulatory Compliance - The Group's emission concentrations of nitrogen oxides, particulate matters, and sulphur dioxide are better than the national standard limits of pollutant emissions[36]. - The Chinese government aims for 50% of cement clinker production capacity in key regions to complete ultra-low emissions transformation by the end of 2025, and 80% by the end of 2028[74]. - The Group's competitiveness in energy saving and carbon reduction is crucial for sustainable development, with ongoing efforts to promote alternative fuels and improve energy efficiency[109]. - The Group has implemented a "Four-Year Action Plan for Energy Saving and Carbon Reduction" to enhance operational management and control in basic building materials[112]. Research and Development - The Group continued to increase investment in research and development, promoting the upgrade of cement production lines and the application of grinding aids for raw materials[90]. - The Group's research and development team consists of 607 technology talents, including 5 professor-level senior engineers and 17 doctorate holders[159]. - The Group has initiated research on new materials, including silicon-based materials, basalt materials, and energy storage battery materials, to support enterprise transformation[161]. - The Group established the Engineered Stone Technology and Engineering Innovation Center in June 2023, enhancing its research and development capabilities[167]. Strategic Initiatives - The Group revised its "Fourteenth Five-Year Plan" development strategy, focusing on a business portfolio of "4+1" including cement, aggregates, concrete, engineered stone, and new materials[100]. - In 2024, the Group aims to enhance core competitiveness through increased R&D investment and promote green and intelligent upgrades in traditional industries[102]. - The Group's annual management theme for 2024 is "strengthening the foundations and grasping upgrades, technological innovation promotes transformation"[102]. Human Resources and Talent Development - As of December 31, 2023, the Group employed a total of 17,939 employees, a decrease from 19,046 employees as of December 31, 2022[165]. - The Group's average age of managerial staff is approximately 47 years, with 84% holding university degrees or above[166]. - The Group's focus on talent development is based on the "3+1" talent team cultivation plan, which includes special talent training programs[166]. Logistics and Supply Chain - The Group's annual shipping capacity along the Xijiang River was approximately 39.9 million tons, ensuring stable logistics capabilities for business operations[120]. - The Group controlled the operation of 30 silo terminals with a total annual capacity of approximately 30.9 million tons, primarily located in the Pearl River Delta Region of Guangdong[120]. - The Group implemented measures to reduce shipping costs through optimizing tender schemes and introducing multiple logistics providers[120]. Customer Satisfaction and Brand Development - The customer satisfaction rate reached 98.19% in 2023, reflecting a year-on-year increase of 0.57%[128]. - The Group established 19 brand flagship stores and 5 specialty stores to enhance the "Runpin" brand image and product system[128]. - The Group's "Runpin" brand received multiple industry awards, including the "Most Impetuous Enterprise Award" and the "Golden Orchid Award" in the ceramic tile adhesives sector[143].
华润建材科技(01313) - 2023 - 年度财报