The Zhitong Finance App learned that China Building Materials (03323) fell nearly 4% in the intraday period. As of press release, it was down 3.61% to HK$2.94, with a turnover of HK$476.99 million.

According to the news, on the evening of October 14, China Building Materials issued a profit warning. It is estimated that the Group's losses due to unaudited equity holders for the nine months ending September 30, 2026 are about RMB 760 million, and the profit attributable to equity holders for the same period last year is approximately RMB 2.96 billion. This is mainly due to a decrease in sales prices of the 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, but this was 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.

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