CNBM (03323) surged more than 4% before noon, reaching HK$5.13 with a trading volume of HK$52.62 million by the time of reporting.

On December 16, CNBM's Chairman Zhou Yuxian met with Jilin Yatai's Chairman Chen Tiezhi at CNBM's headquarters. Zhou emphasized deepening industrial collaboration, stating that CNBM is willing to provide systematic solutions for Jilin Yatai's transformation in basic building materials and explore new cooperation areas such as advanced materials, jointly developing overseas markets.

On December 18, Zhou visited Sinoma Overseas, a subsidiary of Sinoma International, to review operations. During the visit, Sinoma Overseas' General Manager Yang Lei reported on business progress, while Sinoma International's Chairman Yin Zhisong supplemented with strategic plans for the "15th Five-Year" period, including green energy and mining development initiatives.

Guangfa Securities noted that this exchange signals CNBM's potential focus on mining development and green energy, reinforcing its external growth strategy. These efforts are expected to enhance profitability and drive value revaluation.