Beijing New Building Materials Public Limited Company
北新建材
000786
Shenzhen Stock Exchange
Company Profile
1.Scale advantage As of the end of this report, BNBM has formed a total effective production capacity of 3.563 billion square meters that has been put on the market. We will continue to consolidate the leading edge of the gypsum board industry, continuously enhance the advantages of the light steel keel industry, and continue to maintain the leading position of the largest gypsum board and light steel keel industry group in the world. 2.Brand advantage BNBM owns the world-renowned independent brand in the gypsum board industry - "Loong Brand" and "Taishan", and also has many well-known brands in the waterproofing and coating industry, such as "Yuwang", "Shuyang", "Lighthouse",“Carpoly” etc. The products are widely used in national major projects, landmark buildings, and modern home life. 90% of the buildings that won the National Construction Award adopted BNBM's green product system. The company has twice won the Outstanding Contribution Award in the global gypsum industry and has been awarded the Best Annual Company three times. It has won many honors such as the "First Prize of National Enterprise Management Modernization Innovation Achievement", "Model Enterprise of Manufacturing Single Champion", "Best Example Award of China Green Efficiency Enterprise", and "National May 1st Labor Medal". It is a national innovative enterprise; it won the China Industry Grand Award in 2016; in 2022, it passed the confirmation review of the National Quality Award Enterprise. In 2024, the brand value of Beijing New Building Materials PLC is 118.596 billion yuan, ranking 70th in China's 500 most valuable brands. 3.Technical advantage On the one hand, BNBM has obvious advantages in the innovation platform; it has National Enterprise Technology Center, Academician Expert Workstation and Post-Doctoral Research Center, China Building Materials Innovation Technology Research Institute Co., Ltd., China Building Materials Suzhou Waterproofing Research Institute Co., Ltd. and other technological innovation platforms, promoting more than 50% of enterprises at all levels to obtain the qualification of national high-tech enterprises; on the other hand, in the product research and development of the core business and dual engines’ fields, key process equipment technology development, and the integrated application technology of functional decoration, it has a leading R&D team in the domestic industry, with 7,214 authorized patents. In recent years, it has won scientific and technological awards such as the first prize of the building materials industry, the circular economy industry, and the Beijing Municipal Science and Technology Award. 4.Marketing advantage The marketing network of BNBM is dense. After years of market cultivation, it has now spread throughout major cities in the country and developed areas at the county level. 5. Management advantage Our group follows to value management and the nine-box matrix method, continuously strengthening goal management, benchmarking management, three precision management, improve quality and reduce consumption, implement a "dime" cost saving plan to achieve efficiency from management.
Full description
(1)Main business of the company Taking "Green Technology and Quality Life" as its mission, BNBM promotes the building, city and residential environment to be greening, vigorously develops a circular economy, promotes building energy conservation and prefabricated buildings, and builds a green building industry chain with full life cycle from raw materials, production, products, construction, application and recycling. BNBM implements the development strategy of "Core Business with Dual Engines and Global Layout", strengthens and improves gypsum board and gypsum board+, accelerates and strengthens waterproofing and coatings, lays out the international market in Asia, Africa and Europe, and accelerates the transformation to a comprehensive manufacturer and services provider of consumer building materials. (2)Industry development situation The gypsum board of BNBM is widely used in the construction and decoration of office buildings, hotels, guesthouses, sports stadiums, industrial plants, and residential buildings. Since 2005, under the guidance of the national policy of vigorously developing the circular economy, a series of industrial policies such as building energy conservation and the development of environmentally friendly products have driven the continuous development of the domestic gypsum board industry. The gypsum board market in China grows steadily. There is still a large gap compared with mature markets in the United States, Europe, and even the world average. In China's current stage, the commercial and public building decoration field is the main consumer market for gypsum board (accounting for about 65%), and the application of gypsum board in the residential field is still in the promotion and development stage (accounting for about 35%). In China, about 70% of gypsum boards are concentrated in the ceiling area, and there are few applications in the partition wall area. However, referring to developed countries such as the United States and Japan, about 80% of gypsum boards are used in wall construction. With the implementation of the national green development strategy and the development of the prefabricated construction industry, the application of gypsum boards in the partition wall area in China will have broad room for improvement. In the future, the promotion of gypsum board from commercial and public building decoration to residential decoration, and from ceiling decoration to partition wall decoration, will further increase the market demand for gypsum board. Compared with traditional building materials, gypsum board has the advantages of energy saving, environmental protection, fire resistance, sound insulation, light weight, and economy. The development of new wall materials to replace traditional materials is conducive to developing the circular economy, protecting arable land, and conserving resources. With the continuous development of China's economy, the strengthening of energy conservation and environmental protection awareness, and the change of residents' consumption habits, the use proportion of gypsum board in the process of existing building renovation and secondary decoration will continue to increase. At present, the gypsum board products of BNBM have the largest market share in the domestic gypsum board industry. Over the years, as the leading enterprise in the domestic new building materials industry, BNBM has been in a leading position in terms of brand, quality, technology, scale, and efficiency. The gypsum board products of the company are produced according to sales, mainly using the channel sales model. The marketing network now covers major cities and developed areas in the country. Through the intensive dealer sales network and flat management, and by conducting comprehensive and in-depth cooperation with real estate developers, decoration companies, and home decoration companies, it achieves full coverage of the market. The "Loong Brand", "Taishan" and “Dream Brand” gypsum boards under the company can meet the needs of different customers, with strong system supporting capabilities and the ability to provide a full range of products and application solutions. Currently, the waterproof products of BNBM cover more than 100 product series such as self-adhesive waterproofing membranes, high-polymer modified asphalt waterproofing membranes, polymer waterproofing membranes, waterproof coatings, and waterproof accessories. One-stop solutions are widely used in infrastructure buildings, transportation engineering, residential and commercial real estate, industrial buildings, urban renewal and renovation, and civil building materials. The domestic waterproofing material industry is developing rapidly, but the industry concentration is not high, and the industry ecology needs to be improved. The implementation of the national standard "General Specification for Building and Municipal Engineering Waterproofing" since April 1, 2023, has built a new industry access threshold, which is conducive to the accelerated exit of low-quality waterproofing materials, and the promotion of the industrial upgrading of the waterproofing industry, and the further improvement of the concentration of the waterproofing material industry. In 2024, industry competition intensified and industry concentration further increased. A series of guiding policies were introduced by the state, which, while supporting industry innovation, imposed restrictions on outdated processes and technical equipment, thereby promoting the development of the waterproofing industry towards a greener, low-carbon, and environmentally friendly direction. BNBM's coating business covers the fields of interior and exterior architectural coatings, industrial coatings, art coatings, floor materials, stone paint, resin, decoration accessories, ink and coating finishing services, providing customers with professional coating solutions in many fields, with a marketing network all over the country, and the market share in the segmentation of architectural decoration coatings and furniture coatings ranks among the top in the country. At present, there are gaps in the technological level and industrialization capacity of China's coating industry compared with the level of foreign products and industrial systems. The domestic coating industry boasts a large number of enterprises, resulting in a relatively decentralized competitive landscape. The intensification of competition within the industry has driven it into a consolidation phase, further enhancing industry concentration. According to the China National Coatings Industry Association, in 2024, the total output of the Chinese coatings industry decreased by 1.60% year-on-year, while total main business revenue increased by 1.56% year-on-year, and total profit increased by 9.34% year-on-year. During the reporting period, there were no significant changes in the main businesses and operating models of BNBM, and the performance was in line with the development of the industry.