On July 15, China National Building Material fell 7.67% in regular trading, trading at HKD 3.86/share, with turnover of HKD 96.22 million.
On the news front, the company issued a profit warning on July 14 evening, forecasting an unaudited net loss attributable to equity holders of approximately RMB 890 million for the first half of the year, compared to a profit of approximately RMB 1.36 billion in the same period last year — a significant swing from profit to loss. The announcement attributed the deterioration to declining selling prices of cement, ready-mix concrete, and aggregates, reduced sales volumes of ready-mix concrete and plasterboard, increased impairment provisions for property, plant, equipment and goodwill, and higher net fair value losses on financial assets. Additionally, the company noted that its new materials segment, which delivered profit growth, could not fully offset the decline in the basic building materials segment due to the group's relatively lower shareholding in that division.
(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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