CR Building Material Technology Issues Profit Warning, Anticipates H1 Net Loss Attributable to Shareholders of Approximately RMB 4-5 Billion

Stock News07-17

CR BLDG MAT TEC (HKEX: 01313) has issued a profit alert announcement. The group anticipates recording a net loss attributable to company owners of approximately RMB 4 billion to RMB 5 billion for the six-month period ending June 30, 2026. This contrasts with a net profit attributable to owners of RMB 3.067 billion achieved in the corresponding period of 2025.

The company has continued to deepen its cost reduction initiatives across the entire value chain. During the period, the unit sales costs for its cement, concrete, and aggregate products all decreased compared to the same period in 2025. However, the selling prices for these three product categories also declined year-over-year.

The contribution from savings in sales costs was insufficient to offset the impact of the decline in selling prices. This resulted in a decrease in both the gross profit and the gross profit margin on a consolidated basis.

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