Movement Alert|China National Building Material Rises 5.01% in Regular Trading, Q1 Loss Narrows Sharply as Morgan Stanley Sees New Materials Growth

Market Focus05-22 11:30

On May 22, China National Building Material rose 5.01% in regular trading, trading at 5.02 HKD/share, with trading volume of approximately 107 million HKD.

On the news front, the company recently released its Q1 report, posting total revenue of RMB 35.77 billion, down 2.37% year-over-year, while net loss attributable to shareholders narrowed sharply by 65.67% to RMB 177 million. Morgan Stanley noted that the improvement was primarily driven by higher glass fiber average selling prices and cost reductions, with additional support from rising sales volumes in electronic-grade fiber and battery separator products.

Morgan Stanley expects the new materials segment to record growth in both volumes and average prices, while traditional building materials remain constrained by weak demand and price competition, requiring supply-side policy implementation before meaningful improvement can materialize.

Within the Construction Materials sector, BBMG rose 4.23%, West China Cement rose 2.62%, Huaxin Building Material rose 1.25%, Conch Cement fell 0.11%, and CR Building Materials Technology fell 0.78%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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