China Resources Building Materials Technology Holdings Limited released unaudited results for the three months ended 31 March 2026, highlighting a sharp deterioration in profitability driven mainly by declining selling prices of cement and concrete.

Turnover and Margin • Turnover fell 9.9% year-on-year to RMB4.17 billion. • Gross profit declined 37.3% to RMB473.93 million, pushing gross margin down 4.9 percentage points to 11.4%. • Segment gross margins were 12.2% for cement, 11.9% for concrete and 11.4% for aggregates, compared with 16.7%, 13.2% and 24.4% respectively a year earlier.

Bottom-line Performance • The Group recorded a net loss attributable to owners of RMB187.86 million, reversing a profit of RMB106.95 million in the prior-year quarter. • Basic loss per share was RMB0.027; no interim dividend was declared. • Finance costs were trimmed 18.9% to RMB94.36 million, but this saving was offset by higher administrative expenses and a RMB94.03 million share of losses from associates.

Operational Highlights • Cement sales volume rose 3.6% to 11.74 million tonnes, yet average selling price fell 14.3% to RMB215.9 per tonne, limiting segment turnover to RMB2.53 billion (-11.2%). • Concrete sales volume increased 18.2% to 3.71 million m³, but average price slid 15.6% to RMB254.1 per m³, keeping turnover flat at RMB941.54 million. • Aggregates sales volume grew 6.0% to 16.94 million tonnes; average price declined 16.1% to RMB30.7 per tonne, resulting in a 11.1% drop in turnover to RMB520.07 million.

Balance Sheet and Leverage • Total assets edged down 0.6% from end-2025 to RMB69.97 billion, while equity attributable to owners decreased 0.3% to RMB44.36 billion. • Net assets per share slipped to RMB6.35. • The gearing ratio (debt to equity) rose to 32.8% from 30.7% three months earlier, reflecting higher short-term bank borrowings, which expanded to RMB4.02 billion (+51.1%).

Outlook Statement The company did not provide forward-looking guidance in the announcement.