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liz's review
Investment Sector: Emerging Markets Submitted by Liz 
over 2 years ago Tags: Beijing New Building Material Public Limited Company P.R.China Add Tag |
Beijing New Building Material Public Limited Company
Public (SZ: 000786)
Company Facts:
Beijing New Building Material Public Limited Company (BNBM) is the leading new building material enterprise in China. The core activities of its business includes technical development, manufacturing, sales and technical services of the new building material, new wall material, new housing material, chemical building material and other interior decoration material.
One of the company’s main products, plasterboard, has taken half of the market share in China, which also ranks itself on the second from top in Asian market. The other main product of the company, light-gauge steel furring, also has monopoly advantage in Chinese market. Moreover, the company has developed its own eco-friendly building material brand, ‘Long’ or ‘Dragon’, which contains ten segments of products, has granted the first certification in the industry of ‘ISO14001 Environment Protection System’, and honored as ‘double green enterprise’ by Chinese government.
The company was started by national owned Beijing New Building Material Group Co. Ltd. that was established in 1979 by National Building Material General Bureau. Approved China building material Chamber, BNBM was officially established on May 1997.
Financial Overview
Related companies: (Name, relationship, and percentage of ownership/rights & interests):
Shareholding Company:
Tai’an City Heshengyuan Industrial Trading Co. Ltd., Shareholding Company.
Beijing Luchuang Environment Protection Equipment Co. Ltd. Shareholding Company
Beijing New Building Material Designing Institute Co. Ltd. Shareholding Company
Daxiang Chuangye Investment Co. Ltd. Shareholding Company, percentage of rights and interest: 6.67%
Shuoguang Tejing Technology Development Co. Ltd. Shareholding Company
Shenzhen B&Q Decoration Building Material Co. Ltd. Shareholding Company
Beijing B&Q Decoration Building Material Co. Ltd. Shareholding Company
Shanxi Taishan Plaster Building Material Co. Ltd. Shareholding Company
Yancheng Xinxing New Decorating Material Co. Ltd. Shareholding Company
Beijing New Technology Development Co. Ltd. Shareholding Company
Yunan Taishan Plaster Building Material Co. Ltd. Shareholding Company
Tai’an City Jindun Building Material Co. Ltd. Shareholding Company
Beijing Rifeng Investment Management Co. Ltd. Shareholding Company
China Institute of Building Material Science, Indirect shareholder, percentage of the rights and interests: 0.03%
China Building Material Group Importing &Exporting Co. Ltd. Indirect shareholder, percentage of the rights and interests: 5.36%
Beijing New Building Material Group Co. Ltd. Indirect shareholder, percentage of the rights and interests: 34.95%
China Building Material Co. Ltd. Holding Company, percentage of ownership: 52.40%
Xuzhou Fast Building Material Co. Ltd. Holding subsidiaries, percentage of ownership: 100%
Shenzhen Beixin Real Estate Consultant Co. Ltd. Holding subsidiaries, percentage of ownership: 60%
BNBM Plastic Co. Ltd. Holding subsidiaries, percentage of ownership: 55%
China Building Material Investment Co. Ltd. Holding subsidiaries, percentage of ownership: 80%
Hunan Taishan Plaster Co. Ltd. Holding subsidiaries, percentage of ownership: 70%
BNBM Guan’an Co. Ltd. Holding subsidiaries, percentage of ownership: 100%
Hengshui Taishan Plaster Building Material Co. Ltd. Holding subsidiaries, percentage of ownership: 100%
Hennan Taishan Plaster Building Material Co. Ltd. Holding subsidiaries, percentage of ownership: 100%
Jianyin Taishan Plaster Building Material Co. Ltd. Holding subsidiaries, percentage of ownership: 97.5%
Weifang Aotai Plaster Co. Ltd. Percentage of ownership: 100%
United Suntech Craft Inc, Holding subsidiaries, percentage of ownership:60%
This exhaustive list still has over 20 more companies related to BNBM.
Stock Health:
As on 22nd July, 2008
Open: 8.50 High: 8.69 Low: 8.35 Close: 8.36 Vol.: 8,228,522
Key Stats & Ratios
Unite: RMB 10,000 Yuan
| Item | 1st quarter 2008 | 2007 | 2006 | 2005 |
| Main business income | 43657.66 | 314323.38 | 293542.10 | 202862.39 |
| Profit margin | 13049.46 | 30808.41 | 22087.40 | 17534.72 |
| Net Profit margin | 10323.64 | 20206.50 | 15437.50 | 12020.88 |
| Net Return on Assts | 5.67% | 11.61% | 9.73% | 8.17% |
Daily Stats (last one month):
DATE OPEN HIGH LOW CLOSE VOL
|
|
|
|
|
|
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| 2008-07-22 | 8.50 | 8.69 | 8.35 | 8.36 | 8,228,522 |
| 2008-07-18 | 7.86 | 8.12 | 7.65 | 8.07 | 4,081,438 |
| 2008-07-17 | 8.15 | 8.25 | 7.61 | 7.70 | 4,191,734 |
| 2008-07-16 | 8.56 | 8.68 | 7.79 | 7.96 | 5,931,326 |
| 2008-07-15 | 8.95 | 9.10 | 8.50 | 8.66 | 4,816,631 |
| 2008-07-14 | 8.68 | 8.93 | 8.68 | 8.93 | 3,800,135 |
| 2008-07-11 | 8.87 | 9.04 | 8.65 | 8.80 | 5,606,324 |
| 2008-07-10 | 9.09 | 9.60 | 8.90 | 8.90 | 10,413,808 |
| 2008-07-09 | 9.10 | 9.25 | 8.98 | 9.18 | 8,900,155 |
| 2008-07-08 | 9.16 | 9.21 | 8.80 | 9.11 | 12,697,940 |
| 2008-07-07 | 8.48 | 9.24 | 8.45 | 9.17 | 12,773,894 |
| 2008-07-04 | 8.08 | 8.57 | 8.02 | 8.40 | 7,917,841 |
| 2008-07-03 | 7.62 | 8.36 | 7.45 | 8.18 | 5,992,481 |
| 2008-07-02 | 7.71 | 7.93 | 7.58 | 7.70 | 3,242,117 |
| 2008-07-01 | 7.84 | 7.94 | 7.48 | 7.61 | 3,114,428 |
| 2008-06-30 | 7.53 | 7.99 | 7.36 | 7.84 | 4,407,675 |
| 2008-06-27 | 8.13 | 8.20 | 7.66 | 7.67 | 7,250,052 |
| 2008-06-26 | 8.51 | 8.78 | 8.29 | 8.51 | 6,413,608 |
| 2008-06-25 | 8.15 | 8.68 | 8.10 | 8.57 | 7,493,644 |
| 2008-06-24 | 7.61 | 8.35 | 7.61 | 8.18 | 6,062,589 |
| 2008-06-23 | 7.80 | 8.08 | 7.58 | 7.71 | 2,905,682 |
Beijing New Building Material Public Limited Company has undertaken many momentous constructions up its collar, such as The Great Wall Hotel – the first five-star hotel in China (mainland); 38-floor Jingguang Centre - the first large-scale steel structured building in China mainland; the Great Hall of the People, National Centre for the Performing Arts, Capital International Airport, and Shanghai World Financial Center – the highest building to be in the world.
The products, technique, and services of the company have enormous competitive advantages in the industry. Importantly, its eco-friendly ‘dragon’ brand products are matching the ‘Green Olympic, Green Beijing’ standards/theme of the 2008 Olympic Games. Therefore, the company is principled to carry on the constructions for The 2008 Olympic Games, such as the National Stadium-‘Nest’ and the National Swimming Pool - ‘water cube’. The company is regarded as the leading company of Olympic Plate in the stock market and investors are suggested to pay good attention to this particular stock.
According to China’s ‘11th Five Year Planning’, recycling economy, energy saving material are the future direction of building up a eco-friendly society and regarded as key of achieving sustainable development. Seeing this ever great opportunity, BNBM has researched and developed technology to recycle exhausts from electricity factory and to make paper covered plaster board instead of natural plaster as raw material. As a result, the company’s gross profit margin will largely increase. Moreover, BNBM has set up a joint venture company with the world number 2 solar-energy producer, Switzerland Alanto Angle Solar-energy system Co. Ltd. to manufacture solar energy battery, solar energy house surface electricity generator and solar energy station.
However, the supply and transportation of coal, electricity and petrol may well be getting complicated while the company’s business is fast growing and it will affect the costs control of the company to some extent.
From the lights of the above, I strongly recommend this stock to investors as the company has reliable self-developed branded products, stable market demands, huge potential in eco-friendly innovative products, and greatly is supported by Chinese government’s policies. The stock is assumed to have a stable growth and sustain it in future.
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