HK Stock Market Move | CNBM (03323) rose more than 6%. Institutions predict that the profitability of the new materials business is expected to continue to improve this year.

CNBM (03323) rose more than 6%, as of press time, it has risen by 6.68%, to 5.11 Hong Kong dollars, with a turnover of 2.61 billion Hong Kong dollars. On the news front, driven by the explosive growth of AI computing power, the special electronic cloth sector continues to boom, with some ordinary cloth production capacity being converted to special cloth. The overall supply and demand in the industry is tight, and prices of all types of electronic cloth are on an upward trend. Huatai previously indicated that the company's new materials sector's revenue in 2025 was 55.557 billion yuan, an increase of 14.4% year-on-year, with an operating profit of 6.258 billion yuan, an increase of 11.8% year-on-year. In terms of products, the sales volume/average price of fiberglass increased by 3.1%/12.8% respectively year-on-year, achieving a simultaneous increase in volume and price. Ordinary and high-performance electronic cloth are expected to open up new growth opportunities for the fiberglass sector. With the completion of the world's first zero-carbon intelligent manufacturing fiberglass base, the production of high-performance electronic cloth continues to increase, and it is expected that the profitability of the new materials business in 2026 will continue to improve.