CNBM Issues Profit Warning, Anticipates Narrowed Quarterly Loss to Approximately 170 Million Yuan

Stock News
04/17

CNBM (03323) announced that the group expects an unaudited loss attributable to equity holders of about 170 million yuan for the three months ending March 31, 2026. This compares to a loss of approximately 517 million yuan for the same period ending March 31, 2025. The anticipated reduction in loss is primarily attributed to increased selling prices and decreased costs for the group's main product, glass fiber. Additionally, sales volumes of electronic cloth and lithium battery separators have risen. The group also reported a higher net gain from changes in the fair value of financial assets recognized in the profit and loss account, alongside an increase in profits from associated companies. These positive factors were partially offset by a decline in the selling price of cement.

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