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China National Building Materials Group Corporation Listed in the Global 500 for the Sixth Consecutive Year

2016-07-25

On July 20, the ranking list of 2016 Fortunate Global 500 enterprises was released. Due to the continued slowdown in the global economy; the threshold for entry fell 11.8% over last year and reached 20.92 billion US dollars. In 2015, China National Building Materials Group Corporation (Hereinafter referred to as "CNBM") actively responded to the complex economic situation, took initiative to adjust the business structure, modestly reduced in revenue targets with profit-oriented, achieved operating income of 31.71 billion US dollars, and listed in the Fortune 500 for the sixth consecutive year and ranked No. 327. CNBM became the only enterprise in the list. The building materials enterprises in the list included French Saint-Gobain Group ranked No. 196, Irish CRH ranked No. 411, Lafarge HOLCIM ranked No. 438. more than 10 years

As a central enterprises with full competition in the field of building materials, all levels of management team and cadres and employees, under the correct leadership of the State Council SASAC and supervision of the board of supervisors under the strong leadership of Song Zhiping, board of directors of CNBM, work together, adhere to a clear strategy, and firmly take the road of market-oriented, and constantly deepen the reform and innovation, achieve a leap-forward development, and realize sales revenue, profit compound annual growth rate of more than 40%, enable numerous products to rank No.1 in the world and China, continues to improve the core competitiveness of enterprises and industry position, and increase comprehensive strength. In 2015, In the face of severe and complex business environment in the new normal situation, especially the challenges posed by economic slowdown, overcapacity, lack of demand and falling prices, CNBM centralized quality and efficiency, continue to deepen reform, accelerate the transformation and development, strengthen the basic management, maintain a sustained and healthy development trend, and the work had made new progress.

In the first half of 2016, CNBM's reform and innovation development entered into a new and better stage. After it was identified as state-owned enterprise reform "DualPilot" enterprise by SASAC in 2014, CNBM recently was identified as pilot enterprise for central enterprise mergers and acquisitions and implementation of the board of directors. The Group established the direction of transformation featuring "Three Curves", and comprehensively promoted structural adjustment and transformation and upgrading, which "Three New" industry achieved profits 3 billion yuan last year, and achieved profits of nearly 1.8 billion in the first half of this year, and the profitability had improved significantly. In the future, CNBM will continue to develop according to the requirements of becoming better and excellent, unremittingly improve quality and efficiency, unswervingly reform and innovate, vigorously cultivate new growth momentum, and strive to create the new era of business development while consolidating existing advantages.

 

 


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