HK Stock Market Move | CNBM (03323) falls nearly 4% as cement and concrete volumes and prices both decline, expecting a turnaround from profit to a loss of RMB 760 million in the first three quarters.

CNBM (03323) fell nearly 4% intraday, down 3.61% as of press time, at HK$2.94, with a turnover of HK$47.6999 million. On the news front, on the evening of October 14, CNBM issued a profit warning, expecting the Group's unaudited loss attributable to equity holders for the nine months ended September 30, 2026 to be approximately RMB 760 million, compared with a profit attributable to equity holders of approximately RMB 2.96 billion in the same period last year. This was mainly attributable to a decline in the selling prices of major products including cement, commercial concrete, and aggregates, a decline in the sales volume of cement, commercial concrete, and gypsum board, and an increase in the Group's asset impairment provisions, but was partially offset by an increase in the selling price of fiberglass and a decrease in its cost of sales, an increase in the selling price of electronic cloth, an increase in the sales volume of fiberglass, electronic cloth, and lithium battery separators, as well as a decrease in the cost of sales of cement and commercial concrete.