CNBM: Expected loss of about 890 million yuan in the first half of the year

14, China Building Materials announced that the company expected a net loss of about 890 million yuan in the first half of 2026, compared with a profit of 1.36 billion yuan in the same period last year.

The above-mentioned expected decrease was mainly due to the decrease in the selling prices of cement, commercial concrete and aggregate, the main products of the Group, the decrease in the sales volume of commercial concrete and gypsum board, the increase in the provision for impairment of property, plant and equipment and the provision for impairment of goodwill of the Group, and the increase in the net loss from the change in fair value of financial assets recognized at fair value through profit or loss. However, the loss was partially offset by the increase in the selling price and decrease in the cost of sales of glass fiber, the increase in the selling price of electronic cloth, the increase in the sales volume of electronic cloth and lithium battery separator, and the decrease in the cost of sales of cement and commercial concrete.

Profit growth in the new materials segment business, in which the Group has a relatively low shareholding ratio, failed to fully offset the decline in profit in the basic building materials segment business, in which the Group has a relatively high shareholding ratio.