HuaXin Building Materials (06655) saw its shares decline more than 7%. At the time of writing, the stock was down 7.19%, trading at HK$18.58, with a turnover of HK$60.2713 million.
On January 28, HuaXin Building Materials released an announcement projecting its net profit attributable to owners of the parent for the 2025 fiscal year to be between RMB 2.70 billion and RMB 2.95 billion, representing a year-on-year increase of 11.6% to 21.9%.
The company also forecast that its net profit attributable to owners of the parent after deducting non-recurring gains and losses for 2025 would be in the range of RMB 2.58 billion to RMB 2.76 billion, a significant surge of 45.0% to 55.0% compared to the previous year.
Notably, for the first three quarters of this year, HuaXin Building Materials achieved a net profit attributable to owners of the parent of RMB 2.004 billion. Based on this figure, the estimated net profit for the fourth quarter alone is approximately RMB 696 million to RMB 946 million. In contrast, the company's net profit attributable to owners of the parent for the single fourth quarter of the previous year was RMB 1.28 billion.
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