CNBM (03323) issues profit warning, expects loss attributable to shareholders of approximately RMB 760 million for the first three quarters, turning from profit to loss year-on-year.

CNBM (03323) has issued an announcement stating that the Group is expected to record an unaudited loss attributable to equity holders of approximately RMB 760 million for the nine months ended 30 September 2026, compared with an unaudited profit attributable to equity holders of approximately RMB 2.96 billion for the nine months ended 30 September 2025. The above expected decline is primarily attributable to decreases in the selling prices of the Group's principal products, namely cement, ready-mixed concrete and aggregates; decreases in the sales volumes of cement, ready-mixed concrete and gypsum board; and increases in the Group's asset impairment provisions, but is partially offset by increases in the selling prices of fiberglass and decreases in its cost of sales, increases in the selling prices of electronic fabric, increases in the sales volumes of fiberglass, electronic fabric and lithium battery separators, as well as decreases in the cost of sales of cement and ready-mixed concrete.