On July 17, China National Building Material fell 5.47% in regular trading, trading at HKD 3.63/share, with turnover of HKD 136 million. The stock continues to slide as negative sentiment from the company's recent profit warning persists, with cumulative losses exceeding 40% from its June peak.

The company disclosed on July 14 that it expects an unaudited net loss attributable to equity holders of approximately RMB 890 million for the first half of the year, compared to a profit of approximately RMB 1.36 billion in the same period last year, representing a swing from profit to loss. The earnings deterioration was primarily driven by declining selling prices of cement, ready-mixed concrete, and aggregates, reduced sales volumes of ready-mixed concrete and gypsum board, increased impairment provisions for property, plant and equipment as well as goodwill, and higher net losses from fair value changes in financial assets. Additionally, the profit-growing new materials segment, in which the group holds a relatively low equity stake, was insufficient to offset the earnings decline in the basic building materials segment where the group holds a higher stake.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)