瑞银发布研报称，中国建材预计首三季因商品价格下降而亏损约7亿元人民币。按此估算，公司上半年亏损20.18亿元人民币，转至第三季则赚13.18亿元人民币。基于与投资者的沟通，该行相信中国建材第三季盈利按季改善情况会比市场预期更好。Cnbm (03323) rose more than 4% in the afternoon, as of the press release, up 3.91% to HK$3.19, with a turnover of 79.0823 million Hong Kong dollars.
According to the Intelligence Finance APP, Cnbm (03323) rose more than 4% in the afternoon, up 3.91% to HK$3.19 as of the press release, with a turnover of 79.0823 million Hong Kong dollars.
On the news front, Cnbm announced that its subsidiary Beijing New Building Materials published its performance for the first nine months, achieving revenue of 20.364 billion RMB, a 19.4% increase year-on-year; net income attributable to shareholders was 3.145 billion yuan, a growth of 14.1%. Cnbm previously issued a profit warning, expecting a loss of approximately 0.7 billion RMB in the first three quarters, compared to a profit of 2.353 billion RMB in the same period last year. The reasons were the decrease in selling prices of the group's main products cement, commodity concrete, and fiberglass, a decline in cement sales volume, and a decrease in the performance of equity-accounted investees.
UBS Group released research reports stating that CNBM is expected to incur a loss of approximately 0.7 billion yuan due to the decline in commodity prices in the first three quarters. Based on this estimate, the company incurred a loss of 2.018 billion yuan in the first half of the year, turning to a profit of 1.318 billion yuan in the third quarter. Through communication with investors, the bank believes that CNBM's third-quarter profit improvement is expected to be better than market expectations.
