BBMG Corp
OTC:BBMPY

Watchlist Manager
BBMG Corp Logo
BBMG Corp
OTC:BBMPY
Watchlist
Price: 1.52 USD Market Closed
Market Cap: 12.7B USD

BBMG Corp
Investor Relations

BBMG Corp., a stalwart in China's industrial landscape, has carved a niche for itself as a key player in the building materials sector. Originally founded as a cement manufacturer, the company leveraged its strategic location in Beijing to expand its reach and influence. Over the years, BBMG has branched out beyond cement, diversifying into a broad spectrum of construction and home improvement products, including wallboards, gypsum boards, and glass. The company is vertically integrated, encompassing everything from manufacturing the raw materials to distributing the end products across the burgeoning Chinese market. This comprehensive approach not only ensures quality control throughout the production process but also aligns with the large-scale infrastructure initiatives widely seen across the region.

Sustained by the robust demand driven by China's rapid urbanization and government-backed construction projects, BBMG's revenue streams have been consistently bolstered by both its traditional and diversified operations. The company's portfolio expansion into real estate and property management further solidifies its foothold in the infrastructure sector, providing additional avenues for revenue. By capitalizing on its extensive supply chain and deep-rooted expertise, BBMG not only provides essential building products but also undertakes significant project investments, thereby securing continued financial growth. Through a combination of strategic mergers and acquisitions, BBMG has fortified its market position, standing as a testament to adaptability in a fast-evolving economic environment.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q1 2022
Call Date
Apr 28, 2022
AI Summary
Q1 2022

Revenue: BBMG Group reported operating revenue of RMB 23.1 billion for Q1, a year-on-year increase of 0.6%.

Profit Growth: Net profit attributable to equity holders rose 25% year-on-year to RMB 276 million, with EPS also up 25%.

Cement Segment: Cement business saw a net loss of RMB 450 million and a 23% drop in sales volume, but management expects demand and pricing to improve through the year.

Property Segment: Property development revenue grew 20% year-on-year; guidance for the full year remains unchanged despite weak presales and pandemic impacts.

Cost Pressures: Coal costs surged 60% year-on-year, driving up unit cement and clinker costs by RMB 70 per tonne.

Debt & Financing: Asset-liability ratio decreased by 1.5 percentage points to 65%, and financing costs declined.

Guidance: Full-year cement sales volume target is unchanged at 90 million tonnes, and land acquisition guidance is RMB 18–20 billion.

Key Financials
Operating Revenue
RMB 23.1 billion
Net Profit Attributable to Equity Holders
RMB 276 million
Earnings Per Share
RMB 0.026
Asset Liability Ratio
65%
Cement Business Operating Revenue
RMB 4.3 billion
Cement Business Gross Margin
14%
Cement Segment Net Loss
RMB 450 million
Cement and Clinker Sales Volume
11.53 million tonnes
Average Selling Price of Cement and Clinker
RMB 373 per tonne
Gross Profit Per Tonne (Cement)
RMB 75
Net Profit Per Tonne (Cement)
Net loss of RMB 16.6 per tonne
Concrete Business Revenue
RMB 582 million
Concrete Business Gross Margin
2%
Concrete Sales Volume
1.23 million cubic meters
Concrete Selling Price
RMB 406 per square meter
Environmental Protection Business Revenue
RMB 230 million
Environmental Protection Business Gross Margin
25.8%
Waste Collected (Environmental Protection)
420,000 tonnes
Disposal Volume (Environmental Protection)
330,000 tonnes
Aggregate Business Operating Income
RMB 185 million
Aggregate Business Gross Margin
46.4%
Aggregate Sales Volume
4.53 million tonnes
Aggregate Price
RMB 41 per tonne
Property Development Booked Revenue
RMB 9.21 billion
Booked Gross Margin (Property)
15.89%
Presale Contract Amount (Property)
RMB 1.81 billion
Presale Area (Property)
95,300 square meters
Real Estate Land Bank Area
6.8723 million square meters
New Materials Segment Operating Revenue
RMB 7.352 billion
New Materials Segment Gross Margin
4.5%
Investment Property Business Income
RMB 928 million
Investment Property Gross Margin
43.4%
Investment Properties Held (Area)
2.219 million square meters
Average Rental Rate (Investment Properties)
81%
High-End Investment Properties in Beijing (Area)
1.282 million square meters
Average Rental Rate (High-End in Beijing)
78%
Coal Price
RMB 1,100 per tonne
Land Acquisition Guidance
RMB 18–20 billion
Previous Year Land Acquisition
RMB 16–17 billion
Other Earnings Calls
2022
2021
2018

Management

Mr. Yu Gu
GM & Executive Director
No Bio Available
Mr. Yu Liu
General Counsel
No Bio Available
Mr. Baojin Zheng
Deputy GM & Executive Director
No Bio Available
Mr. Chang Lu Jiang
Executive Director
No Bio Available
Mr. Jianfeng Zhang
Board Secretary
No Bio Available
Mr. Qing Hui Kong
Deputy General Manager
No Bio Available
Mr. Zhang Ming
Assistant General Manager
No Bio Available
Lanfeng Wang
Head of the Accounting Department
No Bio Available

Contacts

Address
BEIJING
Beijing
Tower D, Global Trade Center, North Third Ring East Road, Dongcheng District
Contacts