China National Building Material Company Limited

3323
Failed

Company Overview

The company was a limited company restructured and established on March 28, 2005 by the parent company, Beixin Group, China Building Materials Import and Export, Cinda, and the General Building Materials Institute as sponsors. The Company's initial public offering of H shares was listed on the Stock Exchange on March 23, 2006 (stock code: 03323), and placed approximately 150 million H shares, 300 million H shares and 240 million H shares on August 9, 2009, and September 14, 2010, respectively. On June 13, 2011, the Company issued bonus shares on the basis of issuing 10 bonus shares for every 10 shares held by shareholders. On May 2, 2018, the exchange of shares between the Company and Sinoma Co., Ltd. was completed. As of June 30, 2023, the total issued share capital of the Company was 8,434,770,662 shares. The Group mainly deals in basic building materials, new materials, and engineering technology services. Currently, in terms of market position (in terms of production capacity or contract value as of June 30, 2023), the Group: It is the world's largest cement producer; It is the world's largest producer of commercial concrete; It is the world's largest producer of fiberglass; It is the world's largest producer of electronic cloth; It is the world's largest producer of gypsum board; It is the world's largest producer of light steel keels; It is the world's largest producer of wind power blades; It is the world's largest integrated service provider for cement technology and equipment engineering systems.

Country
HK
Market Cap
$3.61B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.38% passed
5% Threshold
0.4%
Liabilities Compliance
717.72% failed
33% Threshold
717.7%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name China National Building Material Company Limited
Ticker 3323
Main Business Building Materials
Type Common Stock
Industry Building Materials
Country HK
Market Cap $3.61 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Revenue $210,216.4 $0.0 -
Interest income $804.6 $804.6 -
Total $211,021.0 $804.6 0.38% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $10,361,344,537.8 287.04%
derivative financial instrument current liabilities $10,158,263.3 0.28%
long term bank loan $15,536,414,565.8 430.40%
Total Interest-Bearing Debt $25,907,917,366.9 717.72%
Market Capitalization $3,609,769,230.8 100.00%
Compliance Status Threshold: 33% failed