Group 1 - China National Building Material (CNBM) shares rose over 6%, reaching HKD 5.99 with a trading volume of HKD 136 million [1] - The company issued a profit warning, expecting a profit of approximately RMB 2.95 billion for the nine months ending September 30, 2025, compared to a loss of RMB 684 million in the same period last year [1] - The expected profit increase is attributed to lower sales costs of cement and ready-mixed concrete, higher selling prices and lower costs of fiberglass, increased sales of wind turbine blades and coatings, higher profits from joint ventures, and increased net income from fair value changes of financial assets [1][1][1] Group 2 - The Ministry of Industry and Information Technology held a meeting to discuss growth stability in the cement industry, emphasizing the role of leading enterprises in implementing capacity replacement and regulation policies [1] - By the end of 2025, companies are required to develop capacity replacement plans for excess registered capacity, promoting alignment between actual and registered capacity [1] - Industry associations are encouraged to enhance self-discipline, conduct supply-demand balance research, organize staggered production, and provide average cost research to assist operators in reasonable pricing and prevent unfair competition [1][1][1]
中国建材涨超6% 预计前三季度扭亏为盈 水泥行业稳增长座谈会召开