HK Stock Market Move | CR BLDG MAT TEC (01313) rises nearly 5% in the afternoon, Guangdong proposes strengthening capacity and production control in the building materials industry.

CR Building Materials Technology (01313) rose nearly 5% in the afternoon trading. As of the time of writing, it was up by 4.96% at 1.48 Hong Kong dollars, with a trading volume of 16.0486 million Hong Kong dollars. On the news front, Guangdong recently released an energy-saving and carbon reduction action plan. It mentioned strengthening capacity and output control in the building materials industry and strictly implementing cement and flat glass capacity replacement. It also emphasized the need for monitoring and early warning of production in the building materials industry to promote staggered production of cement. It is reported that Huacem's core region is the Guangdong-Hong Kong-Macao Greater Bay Area. Guotai Junan released a research report stating that under the background of peak season price adjustments in the fourth quarter, the decrease in cement shipments by Huacem compared to Q3 has slightly expanded. With the improvement in price implementation since November, it is predicted that the gross profit per ton will significantly improve to the range of 55-60 yuan on a month-on-month basis. With factors like production suspensions for environmental protection in stone materials being eliminated, shipments and profits in the fourth quarter may improve compared to the previous quarter.