In 2025, amid accelerating global transformations and a complex international landscape, CNBM advanced its global strategy by adhering to high-quality development. The company strengthened its worldwide industrial footprint and enhanced its ability to allocate resources globally. As a result, both revenue and net profit from its international operations continued to achieve double-digit growth, marking a highlight in the company's operational development. CNBM's international business now spans 84 countries and regions, with 359 institutions and project departments established. Through construction investments and acquisitions, the company has formed 19 overseas production bases, employing 38,361 staff abroad and achieving a localization rate of 70%. The internationalization index reached a new high of 16.65%, an increase of 3.13 percentage points year-on-year. Guided by a nine-grid performance evaluation system, the international business maintained high-quality growth.
On March 31, 2026, CNBM released its annual report, confirming that international operations continued their high-quality growth trajectory. In 2025, the company generated international revenue of RMB 43.020 billion, a year-on-year increase of 17.88%. International revenue accounted for 21.30% of the company's total operating revenue, up 3.27 percentage points from the previous year. Net profit attributable to shareholders from international business reached RMB 1.075 billion, rising 21.22% year-on-year. After adjusting for non-recurring items, net profit attributable to shareholders was RMB 1.032 billion, an increase of 30.73% year-on-year. The compound annual growth rate for adjusted net profit over the 2022-2025 period was 9.55%, demonstrating sustained growth momentum.
In the basic building materials sector, CNBM expanded its international presence by optimizing existing assets and improving operational performance. The company successfully completed the acquisition of a project in Tunisia, with products receiving EU CE certification and entering the European market. In Zambia, a 36 MWp photovoltaic power generation project at the industrial park was connected to the grid, establishing a green, low-carbon "zero-purchased electricity" factory. In Mongolia, cement clinker sales increased by 34% year-on-year, enhancing competitiveness in the local market. The company's capability to manage overseas assets continued to strengthen, solidifying its global industrial layout.
In engineering technology services, CNBM reinforced localized operations to maintain its leading global position. The segment's overseas revenue reached RMB 27.2 billion in 2025, with newly signed contracts totaling RMB 45 billion, representing year-on-year growth of 22% and 24%, respectively. The company secured 22 complete cement production line projects overseas, with 649 projects under execution progressing steadily. High-end equipment upgrades accelerated, supported by the establishment of R&D centers in multiple countries. Core equipment entered high-end markets in Europe and America, with overseas revenue from equipment accounting for over 43% of the total. The transition to production operation services gained pace, with the company managing 61 cement production lines and 18 mining projects. Green and digital transformation advanced, leading to the development of several carbon reduction benchmark projects in Europe.
Through overseas warehouses and building materials retail chains, CNBM deepened its presence in specific markets and supported local economies. In 2025, four new overseas warehouses or stores were established, bringing the total to 45 globally. The business now serves over 60 countries and regions, continuously improving its integrated service platform for the building materials industry and enhancing the international influence of the CNBM brand.
The year 2026 marks the beginning of the 15th Five-Year Plan period. Guided by the principle of establishing and practicing a correct view of performance, CNBM will accelerate the overseas deployment of its competitive industries. The company aims to drive higher-quality and more sustainable growth in its international operations, injecting stronger momentum into its goal of becoming a world-class materials industry investment group.
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