Market Insight

2024.07.09 10:49

Hot Stocks CNBM(03323) drops 13% on profit warining

(Infocast News) CNBM(03323) dropped 13.77% to HK$2.63% on profit warning. Based on its preliminary review of the relevant financial statements of the Group, it is expected that the unaudited loss attributable to equity holders of the Group for the six months ended 30 June 2024 would be approximately RMB2,000 million. The profit attributable to equity holders of the Group for the six months ended 30 June 2023 was approximately RMB1,404 million. The above expected decrease is mainly attributable to the decrease in sales prices of cement, commercial concrete and glass fibre (being the major products of the Group), the decrease in sales volumes of cement and commercial concrete and the decline in performance attributed by the associates, although part of which has been offset by the decrease in cost of sales of cement and commercial concrete. (SY)

Data Source：INF