Market Frontiers | New Materials Revenue Exceeds 100 Billion Yuan for Four Consecutive Years: How This Building Materials Enterprise Achieved Industrial Structure Reshaping

Xinhua News Agency, Beijing, March 19 — Title: Revenue from New Materials Surpasses 100 Billion Yuan for Four Consecutive Years; How This Building Materials Company Is Reshaping Its Industry Structure

Xinhua News Agency reporters Wang Youling and Wang Xi

As China’s real estate industry enters a stock era, the concept of green and low-carbon development is being deeply promoted, and the building materials industry is entering a period of in-depth adjustment. Traditional basic building materials face cyclical adjustment pressures, while a new round of industrial transformation demands higher standards for high-performance non-metallic materials, providing new development opportunities for industry upgrading.

As a leading industry enterprise, China National Building Material Group (CNBM) has completed a deep reshaping of its industry structure during the 14th Five-Year Plan period. Zhou Yuxian, Party Secretary and Chairman of CNBM Group, recently told reporters, “During the 14th Five-Year Plan, CNBM upgraded its positioning from an industrial group to an industrial investment group. At the same time, it carried out professional integration, promoted the concentration of factors, resources, and capabilities into advantageous companies, and built a comprehensive basic building materials platform, the world’s largest wind turbine blade platform, and a globally competitive high-end equipment group, among other core professional companies.”

According to reports, by the end of 2025, the group’s total assets will reach 718.3 billion yuan, an increase of 19.7% from the end of the 13th Five-Year Plan. Revenue from new materials will account for 34.89%, surpassing 100 billion yuan for four consecutive years; meanwhile, revenue from basic building materials will significantly shrink from 44.35% to 25.19%.

During the 14th Five-Year Plan, CNBM continued to increase investments in strategic emerging industries, with over 60% of investments planned for 2025. Revenue from strategic emerging industries increased from 24.4% to 45.7%, with a clear phased layout. Currently, the group has formed a new materials industry cluster: industries such as fiberglass, gypsum boards, wind turbine blades, and high-end equipment each generate annual revenues exceeding 10 billion yuan; coatings, photovoltaic glass, fiberglass products, and display modules generate between 5 billion and 10 billion yuan; industries like carbon fiber, lithium battery separators, and advanced ceramics each reach 1 billion to 5 billion yuan.

Taking the carbon fiber industry as an example, Chen Qiufei, General Manager of Sinoma Shenying under CNBM, said that carbon fiber, as a lightweight, high-strength, corrosion-resistant advanced material, is playing an increasingly critical role in clean energy fields such as wind power, hydrogen energy, and photovoltaics. Sinoma Shenying continues to increase investment and layout in clean energy, with carbon fiber supply in wind power, hydrogen energy, and photovoltaics exceeding 10,000 tons by 2025.

Materials are the foundation of manufacturing. Regarding development during the 15th Five-Year Plan, the reporter learned that CNBM will deepen innovation, investment, transformation, and upgrading, as well as domestic and international markets—these are the “three major integrations”—to accelerate building a world-class materials industry investment group with global competitiveness and become a leading provider of non-metallic material system solutions worldwide.

“Next, CNBM will continue to promote the transformation and upgrading of basic building materials and strategic emerging industries,” Zhou Yuxian said. CNBM will consolidate its advantages in strategic emerging industries, accelerate industry tier upgrades, strengthen technological innovation, and develop a high value-added product matrix. During the 15th Five-Year Plan, CNBM’s investment in strategic emerging industries will remain above 50%, and the proportion of revenue from these industries will continue to stay above 40%.

CNBM’s Chief Scientist Peng Shou stated that efforts should be made to strengthen tiered matching across different life cycles, industry scales, and related sectors, consolidating and upgrading industry clusters with revenues of 1 billion to 5 billion, 5 billion to 10 billion, and over 10 billion yuan, building a structurally sound, resilient, and well-connected layout for strategic emerging industries. Additionally, accelerating the layout of “second curve” businesses, such as organic polymer materials, following a differentiated, related, and scenario-driven development approach, to avoid upstream bulk chemical material competition and mainly focus on midstream product tracks, gradually extending toward high-end products. (End)