HK Stock Market Move | CNBM (03323) rose more than 6%, expected to turn losses into profits in the first three quarters, and Cement Industry Stability Growth Forum held.

CNBM (03323) rose over 6%, as of the time of publication, it rose by 6.02% to HK$5.99, with a turnover of HK$136 million. On the news front, CNBM previously announced a profit surge, with the expected unaudited net profit attributable to equity holders of the Group for the nine months ended September 30, 2025 to be approximately RMB 2.95 billion, compared to a loss of approximately RMB 684 million in the same period last year. The expected increase is mainly due to the decrease in sales cost of the Group's main products cement and ready-mixed concrete, the increase in sales price and decrease in sales cost of glass fiber, the increase in sales volume of wind turbine blades and coatings, the increase in profit of equity method investees, and the increase in net income from fair value changes in financial assets recognized in profit or loss by the Group, partially offset by the decrease in sales volume of cement. In addition, the Ministry of Industry and Information Technology's Raw Materials Industry Department recently organized a symposium on stabilizing growth in the cement industry. The meeting emphasized that backbone enterprises should play a leading role, strictly implement policies on cement capacity substitution and regulation of cement capacity, formulate capacity substitution plans for projects exceeding the filing by the end of 2025, and promote the unity of actual capacity and filed capacity. Industry associations should strengthen industry self-discipline, conduct research on regional market supply-demand balance, organize staggered production in the cement industry, conduct average cost surveys in various regions to provide reference for operators to set prices reasonably, prevent improper competition such as selling below cost, and create a good ecosystem conducive to industry development.