CNBM (03323.HK): expects nine-month loss of about RMB 760 million
- The expected loss was mainly due to lower selling prices of cement, ready-mixed concrete and aggregates, lower sales volumes of cement, ready-mixed concrete and gypsum board, and higher asset impairment provisions.
- These factors were partly offset by higher glass fibre prices and lower costs, higher electronic cloth prices and higher sales volumes of glass fibre, electronic cloth and lithium battery separators.
NewTimeSpace News: On 14 October 2026, China National Building Material Company Limited (stock code: 03323.HK) issued a profit warning, expecting an unaudited loss attributable to equity holders of about RMB 760 million for the nine months ended 30 September 2026, against a profit of about RMB 2,960 million a year earlier, based on a preliminary review of the Group's financial statements prepared under PRC accounting standards.
The expected swing to a loss was mainly due to lower selling prices of cement, ready-mixed concrete and aggregates, lower sales volumes of cement, ready-mixed concrete and gypsum board, and higher asset impairment provisions, partly offset by higher glass fibre prices and lower costs, higher electronic cloth prices and higher sales volumes of glass fibre, electronic cloth and lithium battery separators. The unaudited figures are preliminary and may differ; third-quarter results are expected by end-October 2026.
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