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[Brokerage Focus] Tianfeng gives CNBM (03323) an initial "Buy" rating, indicating that the company's substantial share repurchase demonstrates confidence in its development.
Jingwu Finance | Tianfeng released a research report, initiating coverage on CNBM (03323). CNBM is a state-owned enterprise directly managed by the State-owned Assets Supervision and Administration Commission, with its assets mainly divided into three major sectors: basic building materials, New Materials, and engineering services. Currently, seven Business segments including Cement, ready-mixed concrete, gypsum board, Fiberglass, wind power Blades, and Cement glass engineering technology services rank first in the world. Since 2022, the company's performance has been under pressure. It is expected that capital expenditure in 2024-2025 will continue to decline, financial expenses may continue to be reduced, and profits are expected to increase further. The company stated that on December 6, 2024, it will issue an announcement.
Finance Associated Press Venture Capital: In January, financing in the Carbon Neutrality sector totaled 1.61 billion yuan, a decrease of 95.03% month-on-month. Li Chuang Autos Electronics completed its first round of financing of nearly 0.5 billion yuan.
According to data from the China Finance Association's Venture Capital platform, in January, there were a total of 69 private equity investment events in the domestic Carbon Neutrality sector, a decrease of 28.13% from 96 events last month; The total disclosed financing amounted to approximately 1.61 billion yuan, down 95.03% from 32.404 billion yuan last month.
CICC's outlook for the construction Industry in 2025: Seeking stability and progress.
Focus on the centrally-owned construction enterprises with relatively stable fundamentals, which benefit from the new regulations on debt reduction and Market Cap management.
CNBM announced that Liu Yan resigned as Director.
CNBM (03323) announced that on January 16, 2025, it received Mr. Liu Yan's resignation letter, as Mr. Liu has resigned from the position of executive Director due to a work adjustment. The company also received Mr. Xiao Jiaxiang's resignation letter on January 16, 2025, as Mr. Xiao has resigned from the position of non-executive Director due to retirement.
Express News | China National Building Material Sees FY Loss Attributable of Tianshan Materials RMB400 Mln to RMB800 Mln
Express News | China National Building Material - Liu Yan Resigned as an Executive Director
