CNBM: Estimated loss of about 2 billion yuan in the first half

July 8, CNBM announced that it expected an unaudited loss attributable to equity holders of approximately RMB2,000 million for the six months ended June 30, 2024, compared with a profit attributable to equity holders of approximately RMB1,404 million for the same period last year.

The above expected decrease is mainly attributable to the decrease in the selling prices of the Group's major products, namely cement, commercial concrete and glass fibre, the decrease in the sales volume of cement and commercial concrete, and the decrease in the share of results of associates, but partially offset by the decrease in the cost of sales of cement and commercial concrete.

Relevant data show that the total operating revenue of CNBM in the first quarter of 2024 is about 37.021 billion yuan, a decrease of 16.22% compared with the same period last year; the net loss attributable to the owner of the parent company is about 1.3495 billion yuan . It can be seen that the loss of China's building materials in the second quarter has decreased compared with the first quarter.