On the premise of taking into account the market revenue, CNBM Group fully respects the laws of long-term continuous investment and high risk of investment in the field of new materials, sets the standard for good cadres of state-owned enterprises as "loyal to the Party, innovative, good at governing the enterprise, prosperous, clean and honest", focuses on the goal of China's leading and world-class, and gives full play to the role of new material innovators. We will give full play to the role of new material innovation obsessives, build platforms, build ladders, send care to them, encourage innovation, tolerate mistakes, and create a career-focused growth environment for entrepreneurs. Effectively enhance the innovation concept of personnel at all levels, form a culture of linking up and focusing on innovation, and attract and cultivate a group of excellent entrepreneurs. We will carry out management improvement actions against the world's best, implement the "three fine management" of lean operation, healthy organization and fine management, and create conditions and environment conducive to scientific and technological innovation.
CNBM Group also deepens the reform and innovation in terms of employment system, incentive mechanism, talent training and talent reserve, and provides strong support for building innovation ecology with first-class talents, first-class teams and first-class policies. New materials industry has high R&D cost, difficult industrialization and long investment return cycle, which needs to rely on institutional reform to resolve resistance and stimulate vitality. CNBM Group accelerates the reform pilot, improves the market-oriented talent mechanism, promotes a series of institutional mechanism innovation suitable for the material industry and enterprise characteristics, and stimulates the innovation enthusiasm of scientific researchers and cadres and employees. Deepen the three-year action of state-owned enterprise reform, continuously deepen the reform of three systems, and innovate the mechanism of talent introduction. From the practical point of view, the self-developed scientific and technological achievements are divided into three categories, A, B and C, respectively, A achievements formed by serving the national strategy, B achievements formed around the main business of the Group and C achievements that can be transformed to the outside world. According to the categories of achievements, a multi-level and systematic positive incentive system is established in accordance with the medium and long-term incentive and constraint guidelines and seven supporting guidelines. Select some science and technology-based enterprises to pilot the incentive mechanism for the participation of scientific and technological factors in the distribution. Promote the conversion of research institutes, high-tech enterprises, listed companies to carry out incentives such as equity incentives, market-based salaries, rewards for the transformation of scientific and technological achievements, shareholding of key employees and follow-on investment, and implement the group's key core technology research projects to "unveil the list to hang" to provide an innovative arena for scientific and technological talents, so that innovative talents and enterprises share the market risk and share the fruits of development, Share the fruits of development, let the scientific and technological personnel reflect the value in the transformation of results, and inject lasting power and vitality for scientific and technological innovation.
As one of the five state-owned capital investment companies, CNBM Group is actively using its advantage of "outstanding capital operation capability" to expand its influence in the field of new materials through various market-oriented means and build itself into the "chain leader" of multiple industrial chains.
In October 2021, Kaisheng, a listed company of CNBM Group, disclosed that it intends to raise up to 1.5 billion yuan from up to 35 (including) investors, including the controlling shareholder Kaisheng Technology, for the second phase of the flexible glass (UTG) project and the Shenzhen Guoxian new display R&D and production base project, and to repay interest-bearing liabilities and replenish working capital.
The announcement shows that the fund-raising projects are all important development directions for new display applications, in line with China's strategic emerging industries development plan. This move is conducive to the company to grasp the most cutting-edge technology in the market, quickly seize the flexible display materials and touch display integration module market segments, and expand the company's technological leadership in the field of display materials in order to achieve steady and rapid development.
30 micron flexible collapsible glass ▲
In May this year, Kaisheng shares and intends to about 544 million yuan to acquire the controlling shareholder Kaisheng Technology holds the Longhai glass, Longmen glass, Bengbu in the display of the three information display glass production enterprises. These three enterprises are mainly engaged in electronic display glass manufacturing, the upstream of the new display business for Kaisheng shares, and in ITO conductive glass and other products with Kaisheng shares have good cooperation. Kaisheng shares said that the merger is the company bigger and stronger display materials and application materials business integration arrangements, the company's new display business will be expanded to the upstream industry chain, the acquisition of the company will cut from the glass downstream processing to the electronic glass substrate industry, can strengthen the upstream and downstream synergies, improve profitability.
Since this year, CNBM Group's well-known third-party inspection and certification body NSIQ Group around the regional business layout of the asset integration action is frequent. NSIQ Group has proposed to take 49% equity interest in Huake Testing, 49% equity interest in NSIQ Zhejiang and 51% equity interest in Cloud Testing during the year to integrate the layout of business resources in Central China, Yangtze River Delta region and Southwest region.
CNBM Group's Beixin building materials, Tianshan shares, Sinoma International, China Jushi, Sinoma Technology, etc. also intends to issue short-term financing bonds, medium-term notes, green corporate bonds and other ways to finance the "blood".
In China Jushi inspection and assembly workshop AGV carts are automatically carrying glass fiber products to be shipped around the world ▲
At the same time, CNBM Group also cooperates with several central enterprises and local governments to jointly establish a new materials fund to promote the positive development of the industry in a comprehensive manner. With a 30% contribution to drive 70% of financial capital and social capital, the fund focuses on investment in advanced new materials industry in the field of inorganic non-metals. In cooperation with Anhui government, CNBM Group has invested more than 20 billion RMB and formed an advanced and complete industrial layout in the province, including basic building materials, new materials, high-end equipment manufacturing, geological survey and inspection and other technical services, with generally good investment and operation. Taking silicon-based new materials business as an example, it has broken the foreign technology blockade and successfully mass-produced the world's thinnest 0.12mm ultra-thin electronic touch glass, 0.03mm flexible foldable glass, China's first large-area 8.5 generation TFT-LCD liquid crystal glass substrate, copper indium gallium selenide power generation glass with world record conversion efficiency, etc. These new materials are important for comprehensively enhancing China's electronic glass in the international market's discourse and These new materials are of great significance to comprehensively enhance the discourse and initiative of China's electronic glass in the international market and guarantee the security of China's information display industry chain.
At present, CNBM Group accelerates the transformation from "managing enterprises" to "managing capital" around the function and positioning of investment companies, and improves the resource allocation capacity by gradually increasing the proportion of income collection of state-owned capital. The proportion of income collection from secondary enterprises has been increased to no less than 35% for listed enterprises and 50% for non-listed enterprises, and the dividends obtained are focused on new materials business, so as to build a capital ecology of "supporting strategic emerging business with mature business". The capital ecology of "supporting strategic emerging business with mature business" will be built. The advantageous resources will be gathered to the national strategic emerging industry to stimulate new vitality.