China Resources Building Materials Technology Issues Profit Warning, Expects Loss Attributable to Owners of Approximately RMB 750 Million to RMB 850 Million for First Nine Months, Swinging from Profit to Loss Year-on-Year

Stock News
Oct 12

China Resources Building Materials Technology (01313) announced that the group is expected to record a loss attributable to owners of the company of approximately RMB 750 million to RMB 850 million for the first nine months of 2026, compared with a profit attributable to owners of the company of RMB 331 million in the same period of 2025.

The company has continued to deepen cost reduction measures across the entire value chain. During the period, the unit selling costs of concrete and aggregates both declined compared with the same period of 2025; however, the unit selling cost of cement rose slightly due to the continued increase in coal prices. At the same time, the selling prices of the above three products declined compared with the same period of 2025. The contribution from cost savings brought by cost reduction measures was insufficient to offset the impact of declining selling prices and rising coal prices, resulting in a decrease in comprehensive gross profit and comprehensive gross profit margin.

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