HK Stock Market Move | CNBM (03323) rose more than 4%, with a net profit attributable to the parent of 2.96 billion yuan in the first three quarters, turning losses into profits on a year-on-year basis.

CNBM (03323) rose by more than 4%, as of the time of writing, it increased by 4.22% to HK$5.93 with a turnover of HK$177 million. On the news front, on the evening of October 24th, CNBM announced that from January to September 2025, the total operating income was RMB 133.443 billion, a year-on-year decrease of 0.6%; the net profit attributable to the owners of the parent company was RMB 2.96 billion, compared to a loss of RMB 684 million in the same period last year. Huatai believes that the performance of the company in the third quarter was driven by the new materials business. It is optimistic about the high-end products such as special fiber cloth driving the company's new materials sector to achieve second curve growth. In addition, the profitability of the basic building materials sector is expected to continue to improve under the competition driven by supply-side restructuring. They maintain a "buy" rating.