On May 26, China National Building Material rose 5.1% in regular trading, trading at 5.26 HKD/share, with trading volume of approximately 127 million HKD.
On the news front, the company previously reported Q1 total revenue of RMB 35.767 billion, with net loss attributable to shareholders narrowing 65.67% year-over-year to RMB 177 million. Morgan Stanley noted the improvement was primarily driven by higher fiberglass average selling prices and cost reductions, projecting continued growth in both volume and pricing for the new materials segment.
Additionally, fueled by explosive AI computing power demand, specialty electronic cloth maintains high prosperity, with ordinary cloth capacity shifting to specialty production, tightening overall industry supply-demand dynamics. Full-category electronic cloth prices have entered an upward trajectory. Institutions expect that with the commissioning of the global first zero-carbon intelligent fiberglass manufacturing base and sustained ramp-up of high-performance electronic cloth, new materials business profitability is poised for continued improvement.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)