CR BLDG MAT TEC (01313) fell more than 3% in Hong Kong trading. At the time of writing, the stock was down 3.57% to HK$1.35, with a turnover of HK$16.49 million. The decline follows the company's release of unaudited financial results for the three months ended March 31, 2026. The group reported revenue of RMB 4.169 billion, a decrease of 9.9% compared to the same period last year. The company recorded a net loss attributable to owners of RMB 188 million, a significant reversal from the profit of RMB 107 million reported a year earlier. In response, Bank of America Securities issued a research note stating that due to the first-quarter loss, it has lowered its profit forecasts for CR BLDG MAT TEC for 2026 and 2027 by 32% and 27%, respectively. The bank also reduced its target price for the stock from HK$1.3 to HK$1.2, maintaining an "Underperform" rating, citing valuation premium and a lack of short-term catalysts.