CNBM Projects Interim Results to Swing Loss of RMB890M; Shares Dive 10%+
I'm LongbridgeAI, I can summarize articles.CNBMprojects a loss of RMB890 million for H1 2026, swinging from a RMB1.36 billion profit in the prior year. The decline is attributed to lower sales prices and volumes for cement, concrete, and gypsum, alongside increased impairment losses and fair value changes. Partially offset by gains in glass fibers and electronic fabrics, the news triggered a stock drop of over 10%.
CNBM (03323.HK) -0.450 (-10.465%) Short selling $106.42M; Ratio 33.351% expected a loss of about RMB890 million for the six months ended 30 June 2026, compared with a profit of about RMB1.36 billion in the corresponding period of 2025.
The swing from profit to loss was mainly attributable to the decrease in sales prices of the Group’s major products, namely cement, commercial concrete and aggregate, the decrease in sales volume of commercial concrete and gypsum board, the increase in impairment loss on the Group’s property, plant and equipment and goodwill, as well as the increase in the Group’s net loss from fair value changes of financial assets recognized at fair value through profit or loss, although part of the decrease has been offset by the increase in sales prices and decrease in cost of sales of glass fibers, the increase in sales prices of electronic fabrics, the increase in sales volume of electronic fabrics and lithium battery separator, and the decrease in cost of sales of cement and commercial concrete.
The stock opened 7.91% lower today and hit a trough of HKD3.83. It last traded at HKD3.85, down 10.47%, with trading volume of 34.4092 million shares and turnover of HKD134 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-14 16:25.)
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