CNBM (03323) has issued an announcement stating that the group expects an unaudited loss attributable to equity holders of approximately RMB 760 million for the nine months ended September 30, 2026, compared with a profit attributable to equity holders of approximately RMB 2.96 billion for the nine months ended September 30, 2025.
The expected decline is mainly due to a decrease in the selling prices of the group's major products, including cement, commercial concrete, and aggregates, and a decrease in the sales volume of cement, commercial concrete, and gypsum board, as well as an increase in the group's asset impairment provisions.
However, these factors were partially offset by an increase in the selling price of fiberglass and a decrease in its cost of sales, an increase in the selling price of electronic cloth, an increase in the sales volume of fiberglass, electronic cloth, and lithium battery separators, and a decrease in the cost of sales of cement and commercial concrete.
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