CNBM (03323) has seen a rise of over 6%, currently up 6.02% at HK$5.99 with a trading volume of HK$136 million. The company previously announced a positive earnings forecast, expecting an unaudited profit attributable to equity holders of approximately RMB 2.95 billion for the nine months ending September 30, 2025, a significant turnaround from a loss of about RMB 684 million during the same period last year. This increase is primarily attributed to decreased sales costs of key products such as cement and ready-mixed concrete, a rise in the selling prices of fiberglass, increased sales of wind turbine blades and coatings, higher profits from its joint ventures, and a net income increase from financial assets recognized at fair value in profit or loss. However, this was partially offset by a decline in cement sales volume. Additionally, a recent meeting organized by the Ministry of Industry and Information Technology's Raw Materials Industry Department discussed the stability of the cement industry. The meeting emphasized the importance of leading enterprises to play a guiding role, strictly implement policies on cement capacity replacement and regulation, and develop capacity replacement plans for unauthorized capacities before the end of 2025. Industry associations are urged to enhance self-discipline, conduct research on supply-demand balance in regional markets, organize off-peak production in the cement industry, and carry out cost surveys to provide operators with reference for reasonable pricing, thereby preventing unfair competition behaviors such as dumping below cost and creating a conducive ecosystem for industry development.