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CNBM Has been Listed among Fortune Global Top 500 Companies for 6 Consecutive Years

2016-07-21

On July 20, the ranking list of Fortune Global Top 500 companies in 2016 was released. Due to the impact of consistent slowdown of the global economy, the entry threshold into the list is US $20.92 billion, a decrease of 11.8% from last year. By positively facing the complex economic situation, CNBM actively adjusted the business structure, appropriately lowered the income goal with the profit as the core in 2015 and realized US $31.71 billion of operating income. Ranking the 327th, it is the sixth consecutive year for CNBM to be listed among Fortune Global Top 500 companies and it is the only listed company in the building material industry in China. Other listed building material enterprises include French Saint-Gobain Group, whose ranking is the 196th, Irish CRH, whose ranking is the 411th and LafargeHolcim, whose ranking is the 438th.

As a central enterprise in the competitive industry of building material, for over 10 years, under the correct leadership of State-owned Assets Supervision and Administration Commission of the State Council, supervision and guidance of Board of supervisors, strong leading of the Board of Directors with chairman Song Zhiping as the head and the joint efforts of different levels of management groups and all the cadres and employees in the group, CNBM has insisted on the clear strategy and market-oriented reform, continuously deepened the reform and innovation and realized the leapfrog development with over 40% of sales income and CAGR in profit, many industries ranking the 1st in the world and China, continuous improvement in the core competitiveness and industry status of the enterprise and sustained growth in comprehensive strength. In 2015, being faced with the severe and complex operational environment in the new normal especially the shock of economic slowdown, overcapacity, insufficient need and downward price, CNBM centered on quality and benefit, continuously deepened the reform, accelerated the transformation and development, strengthened the basic management, kept the trend of sustainable and healthy development and made new progress in different work.

      In the first half of 2016, the reformation and innovative development of CNBM entered into a new and better phase. After it was certified by the State-owned Assets Supervision and Administration Commission as the “double pilot” enterprise in the reform of state-owned enterprises in 2014, recently, CNBM again has been listed as the pilot enterprise of central enterprises merger & reorganization and the pilot enterprise of implementing function and power of the Board of Directors. With “Three Curves” as the direction of transformation and development, the Group completely promotes the structural adjustment and transformation and upgrading. Among them, the “Three New” industries, with a rapid development in the ability to make profits, realized 3 billion yuan of profit last year and nearly 1.8 billion yuan of profit in the first half of this year. In the future, CNBM will continue to follow the requirement of making itself stronger, better and larger, adhere to improving quality and increasing efficiency persistently, make reform and innovation unswervingly, vigorously foster and increase the new energy and work hard to create a new era of enterprise development while consolidating the existing advantages. 


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