China National Building Material Subsidiary BNBM Posts Slight Q1 Profit Decline Amid Weaker Cash Flow

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2026.04.28 15:24
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China National Building Material's subsidiary, BNBM, reported a slight decline in Q1 2026 profits, with operating revenue down 1.32% to RMB 6.16 billion and net profit falling 4.56% to RMB 803.8 million. The company faced a significant cash flow issue, with net cash outflow from operations increasing to RMB 605.6 million. Despite these challenges, total assets grew by 3.26% and net assets by 2.85%. Analysts maintain a Buy rating for the stock with a target price of HK$5.90.