According to the Zhitong Finance App, China Building Materials (03323) announced that the Group expects the loss due to unaudited equity holders for the nine months ending September 30, 2026 to be approximately RMB 760 million, while the profit attributable to equity holders for the nine months ending September 30, 2025 is approximately RMB 2.96 billion.

This decline in expectations is mainly due to a drop in sales prices of the Group's main products cement, commercial concrete, and aggregates, a decline in sales of cement, commercial concrete, and gypsum board, and an increase in the Group's asset impairment provisions, which are partly offset by rising sales prices of glass fiber and falling sales costs, rising sales prices of electronic cloth, increased sales of glass fiber, electronic cloth, and lithium battery separators, and a decrease in sales costs of cement and commercial concrete.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.