Changes in Hong Kong stocks | China Building Materials (03323) fell nearly 4% in the morning, year-on-year profit to loss in the first half of the year. The basic building materials business is still under pressure in the short term

The Zhitong Finance App learned that China Building Materials (03323) fell nearly 4% in the morning. As of press release, it fell 3.89% to HK$3.46, with a turnover of HK$83.1947 million.

According to the news, China Building Materials recently disclosed its 2026 interim results. Huatai Securities pointed out that the company achieved revenue of 81,483 billion yuan, or -2.2% year-on-year, with a net profit loss of 829 million yuan. The year-on-year change from profit to loss (25H1 was 1.36 billion yuan) was slightly better than the company's previous forecast loss of 890 million yuan. The company's 26H1 loss was mainly due to the basic building materials sector being affected by declining market demand and prices, but the company's new materials sector achieved both revenue and profit growth, which became an important support for the company's profit.

Huatai Securities said that according to the company's semi-annual report, the 26H1 national fixed asset investment, real estate development investment, and infrastructure investment all declined year-on-year. The national cement industry has entered a new stage of volume reduction game, and the company's basic building materials business profits are under pressure. The price of 26H1 cement clinker declined significantly. ASP was 208 yuan/ton, -16.7%; commercial concrete sales volume was 33.36 million cubic meters, -5.0% YoY; ASP -14.8% YoY; aggregate sales were 65.68 million tons, +4.3% YoY, and ASP -11.3% YoY.