1 February, CNBM (03323. HK) announced that the unaudited loss attributable to equity holders of the Group for the twelve months ending 31 December 2025 is expected to be in the range of approximately RMB2.3 billion to RMB4.0 billion. Profit attributable to equity holders for the twelve months ended 31 December 2024 was approximately RMB2,387 million.
The aforesaid expected decrease was mainly due to the increase in the Group's provision for impairment of property, plant and equipment and the provision for impairment of goodwill, and the decrease in the sales volume of its major product cement, but was partially offset by the decrease in the cost of sales of cement and commercial concrete, the increase in the selling price of glass fiber and the decrease in the cost of sales, and the increase in the sales volume of wind power blades and coatings. And an increase in share of profits of associates. The increase in the estimated provision for impairment is related to the provision for impairment of property, plant and equipment and goodwill corresponding to the production lines withdrawn after the capacity replacement of part of the cement clinker production lines.
The Group engaged an appraisal agency to conduct an impairment test and is currently carrying out relevant work. With reference to the preliminary estimation of the appraisal agency, it is estimated that the relevant asset impairment provision to be recognized for the year ending 31 December 2025 will be approximately RMB6 billion to RMB8.3 billion.
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