CR BLDG MAT TEC (01313) dropped nearly 3% by midday, declining 2.31% to HK$1.69 by the time of writing, with a turnover of HK$7.33 million. The company recently released its Q3 2025 results. Changjiang Securities noted that CR BLDG MAT TEC's cement and clinker sales volume for the first three quarters totaled 39.43 million tons, down 10% year-on-year, a steeper decline than the industry average, reflecting the company's commitment to stabilizing market prices. The average selling price stood at RMB 232 per ton, down RMB 6 year-on-year.

Financially, the company's gross margin for the first three quarters rose to 16.9%, up 1.7 percentage points from 15.2% in the same period of 2024. The improvement was primarily driven by lower cement production costs, though partially offset by weaker margins in the aggregates and other segments.

Changjiang Securities highlighted that the cement industry is focusing on curbing overcapacity through stricter production regulations, which could eliminate some inefficient capacity. If production strictly adheres to approved capacity limits, industry efficiency and real capacity utilization may improve. For regions like Guangdong, where capacity utilization has historically been high, better supply-demand dynamics could drive price recovery.