BBMG (02009) surged over 7% in early trading. As of press time, the stock was up 4.71% to HK$0.89, with trading volume reaching HK$62.7961 million.

On the news front, BBMG recently released an investor relations activity record. When responding to investor concerns, the company stated that in terms of new building materials business operations, in the first half of 2025, the company actively promoted the implementation of high value-added market applications and the overseas expansion of new building materials.

Regarding high value-added market applications, the energy-saving insulation company developed "Yu Cotton" products for ecological restoration applications, which were successfully applied to the Zhaikou Mine restoration project, covering a restoration area of 50,000 square meters. The product gross margin reached 45.6%, representing a 40% improvement compared to general rock wool products.

In terms of overseas expansion of new building materials, mineral wool board product exports reached 57 million yuan in the first half of the year, with 200,000 square meters of new major engineering projects added in India, Hong Kong, and Singapore.

Tianfeng Securities noted that in H1 2025, the cement sector achieved revenue of 118.1 billion yuan, down 7.7% year-over-year, and realized net profit attributable to shareholders of 5.2 billion yuan, up 1,487% year-over-year. ROE was 1.4%, up 1.3 percentage points year-over-year, mainly benefiting from improvements in both price and cost factors.

The firm believes that a bottom turning point for cement fundamentals may have emerged. Under the dual efforts of supply-side production restrictions and control plus demand-side infrastructure support, the second half of the year is expected to show quarterly improvement trends. From an investment perspective, the supply-demand dynamics in Xinjiang and Tibet regions are relatively better, with room for profit optimization. Regarding overseas expansion, the firm continues to be optimistic about Africa, with performance expected to enter the realization phase.