General Provisions - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [2] - The company was approved by the State Reform Commission and registered in Beijing, with a registered capital of RMB 1,689,507,842 [2][6] - The company was listed on the Shenzhen Stock Exchange on June 6, 1997, with an initial public offering of 45 million shares [2][3] Business Objectives and Scope - The company's business objective is to adapt to the development of the socialist market economy, focusing on new building materials and economic benefits [4][5] - The company is engaged in the manufacturing and sales of various building materials, including new wall materials, chemical products, and construction machinery [5] Shares - The company's shares are issued in the form of stocks, with all shares being ordinary shares totaling 1,689,507,842 [6][21] - The company adheres to principles of public, fair, and just issuance of shares, ensuring equal rights for all shareholders [6][7] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, attend meetings, supervise the company, and request information [10][11] - Shareholders are obligated to comply with laws and regulations, pay for their subscribed shares, and not misuse their rights to harm the company or other shareholders [14][15] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with specific procedures for calling and conducting these meetings [20][21] - Shareholder meetings are the authority of the company, with the power to approve profit distribution, capital changes, and other significant decisions [17][31] Decision-Making and Voting - Resolutions at shareholder meetings can be ordinary or special, with different voting thresholds required for each type [81][82] - Ordinary resolutions require a simple majority, while special resolutions require a two-thirds majority of the voting rights present [81][82]

Core Viewpoint - The new building materials industry in China is experiencing significant growth due to its superior performance, environmental characteristics, and energy efficiency, making it a key component of the construction sector with vast market potential and promising development prospects [1][3][23]. New Building Materials Industry Definition and Classification - New building materials are defined as a new category of construction materials distinct from traditional bricks and stones, primarily including new wall materials, insulation materials, waterproof materials, and decorative materials [1][3]. Current Development Status of the New Building Materials Industry - The rapid economic development and rising living standards in China have increased demand for housing, providing opportunities for the construction industry. The performance and variety of building materials significantly impact construction methods and safety [3][4]. Market Size and Growth Projections - The market size for new building materials in China is projected to reach CNY 20,661.6 billion in 2024, with specific segments such as waterproof materials at CNY 964.9 billion and wall materials at CNY 13,200.7 billion. By 2025, the market size is expected to grow to approximately CNY 21,099.6 billion [4][6]. Industry Chain Structure - The new building materials industry chain encompasses a complete range from raw materials to end applications, including upstream materials like cement and polymers, midstream production of new building materials, and downstream applications in green buildings and infrastructure [8]. Competitive Landscape - The new building materials market in China is characterized by diversification and differentiation, with leading companies such as Conch New Materials, Beixin Building Materials, China Jushi, and Fangda Group emerging as key players [14][18]. Key Enterprises Overview - Conch New Materials reported a revenue of CNY 5.276 billion in 2024, while Beixin Building Materials achieved CNY 25.821 billion, and China Jushi reached CNY 15.227 billion [16][21]. Development Environment and Technological Innovation - The Chinese government is increasingly supporting green building initiatives, with policies aimed at promoting the development of new building materials. The number of patents in this sector has reached 1,457 from 2016 to 2024, indicating a growing focus on innovation [12][23]. Future Trends - The new building materials industry is expected to continue its growth trajectory, driven by advancements in technology and a focus on sustainability, energy efficiency, and smart building solutions [23].