HK Stock Market Move | CNBM (03323) fell nearly 4% in the morning, reporting a year-on-year loss in the first half of the year. The business remains under pressure in the short term.

CNBM (03323) fell nearly 4% in the morning session. As of the time of writing, it has dropped 3.89%, priced at HKD 3.46, with a trading volume of HKD 83.1947 million. In terms of news, CNBM recently disclosed its mid-year performance for 2026. Huatai pointed out that the company achieved revenue of 81.483 billion yuan in the first half of 2026, down 2.2% year-on-year, and a net loss attributable to shareholders of 829 million yuan, compared to a profit of 1.36 billion yuan in the first half of 2025. This result was slightly better than the company's previously expected loss of 890 million yuan. The primary reason for the loss in the first half of 2026 was the pressure on the basic building materials segment due to declining market demand and prices. However, the companys new materials segment saw both revenue and profit growth, which became an important support for the company's earnings. Huatai stated that based on the company's semi-annual report, nationwide fixed asset investment, real estate development investment, and infrastructure investment all declined year-on-year in the first half of 2026. The national cement industry has entered a new phase of volume reduction competition, putting pressure on the profitability of the companys basic building materials business. The price of cement clinker fell significantly in the first half of 2026, with an average selling price (ASP) of 208 yuan/ton, down 16.7% year-on-year; ready-mixed concrete sales were 33.36 million cubic meters, down 5.0% year-on-year, with ASP down 14.8% year-on-year; aggregate sales were 65.68 million tons, up 4.3% year-on-year, with ASP down 11.3% year-on-year.