Beijing New Building Materials updates governance amid Q3 earnings decline

Beijing New Building Materials Public Company announced its Q3 2025 results, reporting a 6.20% decrease in operating revenue to 6.35 bn yuan and a 29.47% decrease in net profit attributable to shareholders to 656.78 m yuan compared to the same period last year. Year-to-date, operating revenue fell by 2.25% to 19.91 bn yuan, and net profit decreased by 17.77% to 2.59 bn yuan. The company's total assets increased by 4.66% to 36.78 bn yuan.

The board of directors also approved extensive revisions to several key internal management systems. These include updates to the "Shareholders' Meeting Rules," "Board of Directors' Meeting Rules," "Independent Director System," and "Board Audit Committee Work Rules." Other revisions cover rules for the "Board Strategy and ESG Committee," "Board Nomination Committee," and "Board Remuneration and Assessment Committee," as well as "General Manager Work Rules." The company also revised its "Related Party Transaction Management Measures," "External Guarantee Management System," "Investor Relations Management System," and "Information Disclosure Management System." These revisions aim to strengthen corporate governance and enhance operational efficiency.