China National Building Material Co., Ltd.: Profit is expected to drop by about 80% year-on-year

2023-07-13 09:43:17

CNBM announced that the Group's unaudited profit attributable to equity holders for the six months ended 30 June 2023 is expected to decrease by about 80% as compared with the same period in 2022.

On

12 July, China National Building Material Company Limited issued a profit warning, and the Company wishes to inform the shareholders of the Company and potential investors that, upon preliminary review of the relevant financial statements of the Group, The Group's unaudited profit attributable to equity holders for the six months ended 30 June 2023 is expected to decrease by approximately 80% as compared to the same period in 2022.

The announcement shows that the above expected decline is mainly due to the decline in sales prices of cement, commercial concrete and glass fibers, the decline in sales of cement and commercial concrete, the decline in the performance of associated companies, and the decrease in gains from asset disposal, but partly due to the decline in sales costs of cement and commercial concrete. And offset by the decrease in fair value loss on the Group's financial assets recognised at fair value through profit or loss.

According to China Cement Network, in the first half of 2022, the company's operating income was 109 billion yuan, the net profit attributable to the parent company was 5.45 billion yuan, the total assets were 485.9 billion yuan, the net assets attributable to the parent company were 103.1 billion yuan, and the basic earnings per share was 0.646 yuan. From January to June 2022, the sales volume of cement clinker was 146 million tons, the sales volume of commercial mixing was 39 million cubic meters, the sales volume of aggregate was 58 million tons, the sales volume of glass fiber yarn was 1.4062 million tons, the sales volume of gypsum board was 1.092 billion square meters, and the sales volume of wind power blades was 7.54 GW. The sales volume of lithium battery diaphragm was 497 million square meters, the sales volume of carbon fiber was 3,888 tons, the sales volume of waterproofing membrane was 74 million square meters, and the revenue from engineering services was 18.121 billion yuan.   

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Correlation

CNBM announced that the Group's unaudited profit attributable to equity holders for the six months ended 30 June 2023 is expected to decrease by about 80% as compared with the same period in 2022.

2023-07-13 09:43:17

On March 24, China National Building Material Company Limited released its annual performance announcement for 2022.

2023-03-25 15:50:53

On October 28, Conch Cement released the third quarter report of 2026. In the first three quarters of 2026, the operating income was 56.222 billion yuan, a year-on-year decrease of 8.58%; the net profit attributable to parent company was 2.743 billion yuan, a year-on-year decrease of 56.89%; the net profit deducted from non-profits was 2.009 billion yuan, a year-on-year decrease of 66.50%.