Ningxia Building Materials (600449) released the third quarterly report of 2025 on October 20. The company's operating income in the third quarter was 1.49 billion yuan, down 39.75% year-on-year, and its net profit was 116 million yuan, down 2.16% year-on-year. In the
first three quarters of 2025, the operating income was RMB4.045 billion, representing a year-on-year decrease of 40.27%; the net profit was RMB221 million, representing a year-on-year increase of 29.62%; and the basic earnings per share was RMB0.46.

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