Tianshan Material Q1 Losses Deepen as Revenue and Cash Flow Deteriorate

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2026.04.27 15:17
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Tianshan Material, a subsidiary of China National Building Material, reported a significant decline in Q1 2026 performance. Operating revenue dropped 17.48% year-on-year to RMB 12.33 billion, with a net loss of RMB –1.49 billion. Cash flow from operations worsened to an outflow of RMB 3.33 billion, down 54.17% from the previous year. Despite a slight increase in total assets, net assets attributable to shareholders fell by 1.83%. Analysts rate the stock as a Buy with a target price of HK$5.90.