CR BLDG MAT TEC Reports Q1 Loss of 188 Million Yuan, Shifting from Profit a Year Earlier

Stock News04-24

CR BLDG MAT TEC (01313) announced its unaudited financial results for the three months ended March 31, 2026. The group recorded revenue of 4.169 billion yuan, a decrease of 9.9% compared to the same period last year. The company's owner recorded a loss of 188 million yuan, compared to a profit of 107 million yuan in the prior year period. The basic loss per share was 0.027 yuan. The gross profit for the period was 473.9 million yuan, a decline of 37.3% from 755.4 million yuan in the same period of 2025. The gross profit margin was 11.4%, down by 4.9 percentage points from 16.3% in the corresponding period of 2025. The decrease in both gross profit and gross profit margin was primarily due to lower selling prices for the group's cement products and concrete compared to the first quarter of 2025. The gross profit margins for cement products, concrete, and aggregates during the period were 12.2%, 11.9%, and 11.4%, respectively, compared to 16.7%, 13.2%, and 24.4% in the same period of 2025.

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