CNBM (03323) experienced a surge of over 4%, with a current increase of 4.22%, trading at HKD 5.93 and a turnover of HKD 177 million. On October 24, CNBM announced that for the period from January to September 2025, the total operating revenue was 133.443 billion yuan, representing a year-on-year decline of 0.6%. The net profit attributable to the parent company reached 2.96 billion yuan, a significant turnaround from a loss of 684 million yuan in the same period last year. Huatai Securities stated that the new materials business has driven significant growth in the company's Q3 performance. They remain optimistic about the potential for the company's new materials segment, particularly high-end products like specialty fiber fabrics, to achieve a second curve of growth. Additionally, they expect continued improvements in the profitability of the basic building materials segment amid a competitive supply-side environment, maintaining a "Buy" rating.
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