China Resources Building Materials Technology: The annual profit attributable to shareholders is expected to decrease by about 58% to 67% year-on-year.

2024-01-22 10:15:35

Profit attributable to owners of the Company for the year ending 31 December 2023 is expected to decrease by approximately 58% to 67% as compared to the year ending 31 December 2022.

CR Building Material Technology announced that the profit attributable to owners of the Company for the year ending 31 December 2023 is expected to decrease by approximately 58% to 67% as compared with the year ending 31 December 2022, mainly due to the decrease in the sales price of the Group's products in 2023 as compared with 2022; The sales volume of the Group's products in 2023 was lower than that in 2022; a one-off gain of HK $239.1 million was recorded from the disposal of a subsidiary in 2022.

It is understood that in 2022, the turnover of China Resources Building Materials Technology is about 32.219 billion Hong Kong dollars, and the profit attributable to the owners of the company is about 1.936 billion Hong Kong dollars.

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Correlation

Recently, the local weather conditions in China are not good, the recovery of market demand is insufficient, the price of concrete is mainly stable, and the local pressure is falling. From September 12 to September 18, the national concrete price index closed at 112.93 points, down 0.21% annually and 10.83% year-on-year.