---
title: "CNBM Subsidiary Tianshan Material Restates Accounts Without Group-Level Impact"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281103022.md"
description: "China National Building Material Co. announced that its subsidiary, Tianshan Material, has restated its accounts due to flaws in asset disposal gain recognition under Chinese Accounting Standards. The correction affects asset, liability, equity, and net profit figures for 2024 and 2025 but does not impact cash flows or the nature of profits and losses. The parent company confirmed that the restatement does not materially affect its financial statements, reassuring investors. The current analyst rating for the stock (HK:3323) is a Hold with a price target of HK$5.00."
datetime: "2026-03-31T01:36:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281103022.md)
  - [en](https://longbridge.com/en/news/281103022.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281103022.md)
---

# CNBM Subsidiary Tianshan Material Restates Accounts Without Group-Level Impact

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China National Building Material Co ( (HK:3323) ) just unveiled an announcement.

China National Building Material has disclosed that its subsidiary Tianshan Material identified flaws in how a cement unit recognized asset disposal gains under Chinese Accounting Standards, prompting a retrospective accounting correction. The restatement adjusts assets, liabilities, equity and net profit figures across 2024 and several 2025 reporting periods, but leaves cash flows and the basic nature of previously reported profits and losses unchanged.

Tianshan Material’s auditor has confirmed the correction complies with Chinese rules, and the detailed impacts have been reported to the Shenzhen market. After reviewing the matter with its own auditors, China National Building Material concluded the correction does not materially affect its group financial statements under IFRS or Chinese standards, meaning no revisions are required at the parent-company level, which should reassure investors about the stability of its consolidated results.

The most recent analyst rating on (HK:3323) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on China National Building Material Co stock, see the HK:3323 Stock Forecast page.

**More about China National Building Material Co**

China National Building Material Company Limited is a major Chinese building materials group with operations spanning cement and related construction materials. Its subsidiary Tianshan Material Co., Ltd., whose A shares trade on the Shenzhen Stock Exchange, operates through units such as Jiangshan Southern Cement, reflecting the group’s focus on the domestic construction and infrastructure market.

**Average Trading Volume:** 39,804,063

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$37.43B

Find detailed analytics on 3323 stock on TipRanks’ Stock Analysis page.

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