China Building Materials lost 528 million yuan in the first quarter compared with the same period last year.

On April 28, China Building Materials, a Hong Kong stock, released its first quarterly report for fiscal year 2023. From January 1, 2023 to March 31, 2023, the company realized operating income of 43.430 billion yuan, a year-on-year decrease of 11.72%, a net loss of 528 million yuan attributable to the parent company, a year-on-year loss, and a net profit of 1.803 billion yuan in the same period last year.

China National Building Material Company Limited is an investment holding company. The company consists of four business units. The cement segment primarily produces and sells new dry process (NSP) cement and commercial concrete. The light-weight building materials department mainly produces and sells partition ceiling systems. The Fiberglass and Composites segment manufactures and sells wind turbine blades, fiberglass and composites. The Engineering Services division provides engineering services to glass and cement manufacturers and engages in equipment procurement.