- Business
- China National Building Material Company Limited (3323.HK) is an investment holding company and the core listed platform of China National Building Material Group Co., Ltd., primarily engaged in the production and sale of building materials, new materials, and engineering technical services. The company operates through five key segments: cement, including the production and sale of cement and clinker; concrete, encompassing ready-mixed concrete, aggregates, and related products; new materials, comprising glass fiber, composite materials, gypsum boards, wind turbine blades, lightweight building materials, carbon fiber, lithium battery separators, silicon nitride ceramics, waterproofing materials, coatings, and advanced ceramics such as high-performance ceramic wave-transmitting materials and ceramic insulation; engineering technology services, providing engineering solutions, equipment procurement, and technical services for cement, glass, and other manufacturers; and others, including merchandise trading. It maintains global leadership as the world's largest producer in cement, commercial concrete, gypsum board (with 2.8 billion square meters annual capacity), glass fiber (3.21 million tons), wind turbine blades (15 GW), and cement engineering services, serving major infrastructure projects like the Three Gorges Dam and Belt and Road initiatives.
Founded in 2005 and listed on the Hong Kong Stock Exchange in March 2006, the company, headquartered in Beijing, China, underwent a significant reorganization in May 2018 through merger with the former China National Materials Company Limited, enhancing its industry platform status. It employs over 150,000 people across operations in China, Europe, the Middle East, Southeast Asia, Oceania, Africa, the Americas, and other regions, with seven A-share listed subsidiaries including Tian山股份 (SZ000877), 宁夏建材 (SH600449), 祁连山 (SH600720), 北新建材 (SZ000786), 中国巨石 (SH600176), 中材科技 (SZ002080), and 中材国际 (SH600970). The company focuses on high-end, green, and low-carbon products, such as the "Luban multifunctional board," phase change gypsum board, and aldehyde-removal gypsum board, while advancing digital transformation with platforms like "Wo Zhao Che" smart logistics and holding 27 national R&D platforms and over 11,000 patents.
Recent developments include a five-year Cooperation Framework Agreement signed in September 2024 with Saudi Aramco to explore advanced materials, low-carbon solutions, and manufacturing opportunities in Saudi Arabia, building on prior collaborations like the 2021 NEXCEL center; in 2024, it acquired Carpoly Chemical Group Co. Ltd., a top-10 Chinese coatings player by revenue; and ongoing expansions in bio-based construction materials aligned with environmental regulations. These initiatives underscore strategic shifts toward globalization, sustainability, and innovation, with total assets exceeding RMB 455.5 billion as of end-2020 and emphasis on supply-side reforms, joint reorganizations, and overseas capacity like 286 cement production lines globally.