--- title: "Understanding the Market | CR BLDG MAT TEC fell over 3%, turning a profit of 188 million yuan in the first quarter into a loss; Bank of America lowered the company's earnings forecast and target price" type: "News" locale: "en" url: "https://longbridge.com/en/news/284143896.md" description: "CR BLDG MAT TEC fell over 3%, as of the time of writing, down 3.57% to HKD 1.35, with a trading volume of HKD 16.4942 million. In terms of news, on the evening of April 24, CR BLDG MAT TEC released its unaudited financial information for the three months ending March 31, 2026, reporting a revenue of HKD 4.169 billion, a year-on-year decrease of 9.9%; the loss attributable to shareholders was HKD 188 million, compared to a profit of HKD 107 million in the same period last year. Bank of America Securities released a research report stating that considering the first-quarter loss, it has lowered its earnings forecasts for CR BLDG MAT TEC for 2026 and 2027 by 32% and 27%, respectively, and reduced the target price from HKD 1.3 to HKD 1.2, maintaining an \"underperform\" rating due to valuation premium and a lack of catalysts in the short term" datetime: "2026-04-27T02:57:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284143896.md) - [en](https://longbridge.com/en/news/284143896.md) - [zh-HK](https://longbridge.com/zh-HK/news/284143896.md) --- # Understanding the Market | CR BLDG MAT TEC fell over 3%, turning a profit of 188 million yuan in the first quarter into a loss; Bank of America lowered the company's earnings forecast and target price According to Zhitong Finance APP, CR BLDG MAT TEC (01313) fell over 3%, as of the time of writing, down 3.57% to HKD 1.35, with a trading volume of HKD 16.4942 million. On the news front, on the evening of April 24, CR BLDG MAT TEC released its unaudited financial data for the three months ending March 31, 2026, reporting a revenue of RMB 4.169 billion, a year-on-year decrease of 9.9%; the loss attributable to shareholders was RMB 188 million, compared to a profit of RMB 107 million in the same period last year. Bank of America Securities published a research report stating that considering the first-quarter loss, it has lowered its earnings forecasts for CR BLDG MAT TEC for 2026 and 2027 by 32% and 27%, respectively, and reduced the target price from HKD 1.3 to HKD 1.2, maintaining a "underperform" rating due to valuation premium and a lack of short-term catalysts ### Related Stocks - [01313.HK](https://longbridge.com/en/quote/01313.HK.md) - [159745.CN](https://longbridge.com/en/quote/159745.CN.md) - [159787.CN](https://longbridge.com/en/quote/159787.CN.md) - [516750.CN](https://longbridge.com/en/quote/516750.CN.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [Huaxin Building Materials Wins Full Shareholder Backing at 2025 AGM](https://longbridge.com/en/news/287918451.md) - [China Resources Building Materials Technology Holdings (CJRCF) Gets a Sell from Bank of America Securities](https://longbridge.com/en/news/284290210.md) - [Turnaround stories and idiosyncrasies: BofA shares 8 small-cap stocks poised to rally in the 2nd half](https://longbridge.com/en/news/290993701.md) - [Zhixin Group agrees to sell ready-mix concrete unit for RMB 46.66 million](https://longbridge.com/en/news/290969442.md) - [REG - Aberdeen Asian Inc Canaccord GenuityGrp - Holding(s) in Company](https://longbridge.com/en/news/290987434.md)