China National Building Material or CNBM (HKG:3323) expects an attributable profit of 1.35 billion yuan in the first half of 2025, compared with an attributable loss of 2.02 billion yuan a year prior, a Friday Hong Kong bourse filing said.

The anticipated turnaround to profit was mainly due to higher sales prices, lower cost of sales, and higher sales volume of certain products, as well as a decrease in net loss from fair value changes of financial assets recognized at fair value through profit or loss.