HS-CNBM@EC2609A

BlackRock Increased Holdings in China National Building Materials to 8.26%

China Materials Expected to Report Annual Loss of Up to 4 Billion Yuan

CNBM Expects Unaudited Losses for 2025 Fiscal Year to be Between 2.3 billion to 4 billion RMB

China National Building Material Successfully Issued Sci-Tech Innovation Corporate Bonds

China National Building Materials Plans to Issue 2 billion yuan Sci-Tech Corporate Bonds

BlackRock Increased Its Stake in China National Building Material by 42.903256 Million Shares

China National Building Materials Group Plans Global First Zero-Carbon Intelligent Manufacturing Base for Fiberglass in 2026

BlackRock Upgraded Its Shares in China National Building Material to 7.03%

Citi Raises China National Building Material Target Price but Cuts Profit Forecasts

China National Building Material Co., Ltd. and Zhenji Group Plan to Increase Holdings in China Jushi Shares

Morgan Stanley Predicts Increase in China Materials' Stock Price, Government Considers Real Estate Stimulus Plan

China National Building Materials Successfully Issued Sci-Tech Innovation Corporate Bonds

China National Building Material Co., Ltd. Issued Sci-Tech Corporate Bonds with Coupon Rate of 1.95%

China National Building Materials Plans to Issue Sci-Tech Company Bonds Worth Up to RMB 3 billion

China National Building Materials Reports Revenue Decline and Profit Turnaround in First Three Quarters of 2025

CNBM released FY2025 9 Months earnings on October 24 After-Market (BJT), actual revenue HKD 145.13 B, actual EPS HKD 0.4279

CNBM released FY2025 Q3 earnings on October 24 After-Market (BJT), actual revenue HKD 54.84 B (forecast HKD 45 B), actual EPS HKD 0.2302

Tianshan Materials Q3 Revenue Down, Net Loss Narrowed

Zhongmate Technology Co., Ltd. Reports Significant Revenue and Net Profit Growth

China National Building Materials Successfully Issued Innovative Sci-Tech Perpetual Corporate Bonds

UNI PRINTSHOP

WING CHI HLDGS

CINESE INTL

WAN KEI GROUP

CHINA WACAN

JH EDUCATION

DIGITAL DOMAIN

LOTUS HORIZON

VICO INTL HLDGS

K W NELSON GP

159745

CBUMY

159787

03323

516750

China National Building Material expects FY unaudited loss of RMB2,300 mln to RMB4,000 mln

marketscreener

Guotai CSI All Share building Materials ETF

CHINA NATIONAL BUILDING MATERIAL CO UNSP ADR EACH REPR 50 ORD

E Fund CSI All Share Building Materials ETF

CNBM

Fullgoal CSI All Share Building Materials ETF

China National Building Material expects FY unaudited loss of RMB2,300 mln to RMB4,000 mln

China National Building Material opened lower this morning, down 9.25% to 5.1 yuan, with a pre-market transaction of 1.046 million shares, involving 5.3346 million yuan. The company issued a profit warning, expecting to turn from profit to loss by December 31, 2025, with losses ranging from 2.3 billion to 4 billion yuan, mainly due to increased impairment provisions for properties, plants, and equipment, as well as a decline in cement sales. Some losses were offset by a decrease in the cost of cement and ready-mixed concrete sales, and an increase in the selling price of fiberglass. The related asset impairment provisions are expected to reach 6 billion to 8.3 billion yuan

AASTOCKS

CNBM opened down over 9% due to expected losses of up to 4 billion RMB last year

China National Building Material Co. Ltd. (CNBM) anticipates an unaudited loss of RMB2.3 billion to RMB4 billion for the year ending December 31, 2025. This forecast indicates a significant decline in business performance. The final results are yet to be confirmed and may vary from these preliminary estimates. This information was published via the Hong Kong Stock Exchange.

Reuters

CNBM Expects 2025 Loss of RMB2.3 Billion to RMB4 Billion

China National Building Material (3323.HK) continued to show a sluggish performance after the market closed on January 20, with the stock price retreating to the short-term support range of HKD 6.65. The building materials sector overall lacks catalytic drivers, and the market's main line continues to contract, with no significant inflow of rotating funds. This week, the company had no new orders or announcements, and active buying was extremely limited, with daily trading volume continuing to shrink. On the external macro level, although the recent "14th Five-Year" transportation plan has initiated discussions on new projects, it has failed to boost the main line of building materials, resulting in low industry activity. From a technical perspective, the 5-day and 10-day moving averages continue to exert pressure, and the MACD indicator reflects a sideway pressure situation, with no short-term bottom activation signals appearing yet. Currently, the support at HKD 6.65 is receiving high attention; if it does not stabilize effectively and funds continue to be under pressure, the risk of further declines in the short term is considerable. If there is an increase in trading volume in the future or if the industry sees favorable policies and significant contracts being finalized, it may stimulate fund inflows and open a new window for volatility. In terms of operations, it is recommended to remain cautious, focusing on trend defense, and wait for local fund movements and policy catalysts to align before capturing right-side opportunities

Technical Forecast

Morning Trend | CNBM retraces to a key level, can the turnover anomaly window be opened?

Sinoma Science & Technology, a subsidiary of CNBM, reported a year-on-year increase in net profit and sales volume for wind power blades in 2025. This announcement highlights the company's growth in the renewable energy sector, particularly in wind power.

Sinoma Science & Technology Reports Higher Net Profit and Sales Volume for 2025

Citi analyst maintained a Buy rating on China National Building Material Co, setting a price target of HK$5.90. The shares closed at HK$5.33. The analyst consensus is a Strong Buy with an average price target of HK$6.92.

Tip Ranks

China National Building Material Co (3323): New Buy Recommendation for This Basic Materials Giant

Morgan Stanley expects CNBM's stock price to rise in the next 15 days, with a probability of 70% to 80%, rating it as "Overweight," with a target price of 6.51 yuan. Bloomberg reported that the Chinese government is considering introducing new real estate stimulus measures, including providing mortgage subsidies, increasing the income tax rebate limit for mortgage borrowers, and reducing housing transaction costs. If true, this will benefit Chinese building materials companies

Morgan Stanley expects CNBM's stock price to rise in the next 15 days, with a rating of "Overweight."

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STECH

000333

06618

CNBM rose over 2%, Midea Group, JD HEALTH, and ALI HEALTH rose over 1%; home appliances, retail, and building materials led the gains, while electrical equipment, coal, and hardware equipment saw the largest declines; southbound funds net bought HKD 15.992 billion

36Kr

ALI HEALTH

Hang Seng TECH Index

Midea Group

JD HEALTH

The Hang Seng Index closed up 0.02%, while the Hang Seng TECH Index fell 0.58%

Citic Securities has maintained a Buy rating for China National Building Material Co (3323) with a price target of HK$7.80, while the shares closed at HK$5.61. Additionally, Citi's Jack Shang also issued a Buy rating on October 24. However, TR | OpenAI initiated coverage with a Hold rating on October 28.

New Buy Rating for China National Building Material Co (3323), the Basic Materials Giant

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

Zhitong

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 announced its third-quarter report for the period ending in September, achieving operating revenue of RMB 133.443 billion (same below), a slight decrease of 0.6% year-on-year. The net profit attributable to shareholders was RMB 2.96 billion, compared to a loss of RMB 684 million in the same period last year, turning from loss to profit

"Performance" CNBM earned 2.96 billion RMB in the first three quarters, turning losses into profits

On July 19, the Yarlung Tsangpo super hydropower project (with an investment of 1.2 trillion yuan!) officially kicked off, with five giant power stations under construction, generating electricity equ...

LONKING

CHINA POWER

CHINA RES POWER

DONGFANG ELEC

DEC.LTD

HARBIN ELECTRIC

SH ELECTRIC

Shanghai Electric

CR BLDG MAT TEC

SANY INT'L

HX BLDG MAT

Huaxin Building Materials

ZOOMLION

Zoomlion

DATANG POWER

Datang Power

雅江水电工程 1.2 万亿投资引爆市场！哪些港股接住 “万亿订单”？

HS-CNBM@EC2609A(21791.HK)

China National Building Material expects FY unaudited loss of RMB2,300 mln to RMB4,000 mln

CNBM opened down over 9% due to expected losses of up to 4 billion RMB last year

CNBM Expects 2025 Loss of RMB2.3 Billion to RMB4 Billion

Morning Trend | CNBM retraces to a key level, can the turnover anomaly window be opened?

Sinoma Science & Technology Reports Higher Net Profit and Sales Volume for 2025

雅江水电工程 1.2 万亿投资引爆市场！哪些港股接住 “万亿订单”？