CNBM (03323) surged over 4% in early trading. As of press time, the stock was up 2.81% to HK$5.86, with trading volume of HK$42.0025 million.

CNBM issued a profit alert, expecting the group's unaudited profit attributable to equity holders for the nine months ended September 30, 2025, to reach approximately RMB 2.95 billion, compared to a loss attributable to equity holders of approximately RMB 684 million in the same period last year.

The expected increase is primarily attributed to lower sales costs for the group's main products including cement and ready-mixed concrete, higher selling prices and lower sales costs for glass fiber, increased sales volume for wind turbine blades and coatings, higher share of profits from associates, and increased net gains from fair value changes of financial assets recognized at fair value through profit or loss. However, these gains were partially offset by decreased sales volume of cement.