Understanding the Market | CNBM rises over 4%, with net profit attributable to shareholders of 2.96 billion yuan in the first three quarters, turning losses into profits year-on-year

CNBM rose over 4%, as of the time of writing, up 4.22%, reported at HKD 5.93, with a trading volume of HKD 177 million. In terms of news, on the evening of October 24, CNBM announced that from January to September 2025, total operating revenue was RMB 133.443 billion, a year-on-year decrease of 0.6%; net profit attributable to the parent company was RMB 2.96 billion, compared to a loss of RMB 684 million in the same period last year. Huatai Securities believes that the new materials business drove the company's high growth in Q3 performance. They are optimistic that high-end products such as specialty fiber fabrics will drive the company's new materials sector to achieve second curve growth, and that the basic building materials sector is expected to continue improving profitability under the pressure of supply-side anti-involution competition, maintaining a "buy" rating