Core Viewpoint - China National Building Material (03323) saw a stock price increase of over 4%, currently trading at HKD 5.93 with a transaction volume of HKD 177 million. The company reported a total revenue of RMB 133.443 billion for the first nine months of 2025, a year-on-year decrease of 0.6%, but a net profit attributable to the parent company of RMB 2.96 billion, compared to a loss of RMB 684 million in the same period last year. Huatai Securities is optimistic about the company's new materials business driving significant growth in Q3 and expects the high-end products to contribute to a second curve of growth for the new materials segment, while the basic building materials segment is likely to continue improving profitability due to competitive supply-side dynamics [1][1][1] Financial Performance - Total revenue for the first nine months of 2025 was RMB 133.443 billion, reflecting a year-on-year decline of 0.6% [1] - Net profit attributable to the parent company reached RMB 2.96 billion, a significant recovery from a loss of RMB 684 million in the previous year [1] Business Segments - The new materials business, particularly special fiber cloth and other high-end products, is expected to drive substantial growth for the company [1] - The basic building materials segment is anticipated to maintain an improving profitability trend due to competitive pressures in the supply chain [1]
中国建材涨超4% 前三季度归母净利润29.6亿元 同比扭亏为盈