BBMG Corporation reported earnings and production results for the year ended 31 December 2016. The net profit attributable to shareholders of the company for the year ended 31 December 2015 was RMB 2,017,453,800, with basic earnings per share of RMB 0.21 (adjusted for the bonus issue in 2016).

For the year ended 31 December 2016, the Group recorded consolidated sales volume of cement and clinker of approximately 55.35 million tonnes (according to accounting records and calculation), representing an increase of 41% from the same period of last year of 39.26 million tonnes; sales volume of concrete of approximately 13.50 million cubic meters, representing an increase of 19% from the same period of last year of 11.34 million cubic meters; and booked GFA of approximately 1,130,000 square meters from property development, representing a decrease of 10.3% from the same period of last year of 1,260,000 square meters.

The Group is expected to record an increase in net profit attributable to shareholders of the listed company of 20% to 45% for the year ended 31 December 2016 as compared with the same period in 2015. The Board considers that such increase in the profit level for the year ended 31 December 2016 is mainly because during the year 2016, the strategic re-organization between the company and Jidong Development Group Co. Ltd.