On March 25th, China National Building Materials Company Limited (HK.03323, CNBM) released its 2021 results.
In 2021, faced with the challenges of global pandemic, rising raw material cost and tightening energy consumption, the management of the Company took all the staff to forge ahead with concerted efforts, thoroughly implemented the 4335 guiding principles of the Group, and overfulfilled the annual task of production and operation.
Basic building materials remain stable, with the role of "ballast stone" continuing to be compacted; Strong growth of new materials sees continuous improvement of benefit support; Engineering services have been steadily improved, and the carbon peaking and carbon neutrality policy has aided the development.
The structure of main business has been continuously optimized, achieving new success in business performance that in 2021, a revenue of 273.683 billion yuan was realized, a YoY increase of 7.4%; The net profit was 25.619 billion yuan, a YoY increase of 18.3%; The net profit attributable to the parent company was 16.218 billion yuan, a YoY increase of 29.1%, which is greater than that of revenue increase, showing a high-quality development momentum; The net cash flow from operating activities was 50.089 billion yuan, remaining stable. With the sales volume of cement clinker, ready mixed cement, aggregate, gypsum board, glass fiber yarn, and wind turbine blades to be 373 million tons, 112 million cubic meters, 104 million tons, 2.378 billion square meters, 3.0918 million tons, and 15.89GW respectively, the engineering service income was 46.906 billion yuan.