CNBM (03323) rose more than 7%, with gains reaching 6.92% at the time of writing to trade at HK$6.8, as turnover hit HK$265 million. Market sources indicate that suppliers and industry insiders anticipate a second round of price increases by fiberglass manufacturers due to rising costs and tight supply. Planned monthly price adjustments are expected to range from 10% to 15%, and if implemented as scheduled, prices could double by year-end. According to an earlier Huatai Securities research report, CNBM holds a leading position in the fiberglass sector, with ownership stakes of 60.24% in Sinoma Science & Technology and 29.22% in China Jushi. Separately, CNBM previously projected a maximum attributable loss of approximately RMB4 billion for 2025, mainly due to asset impairment of RMB6 billion to RMB8.3 billion related to cement capacity replacement. Bank of America Securities noted in a report that the scale of the loss significantly exceeded its expectations. The bank warned that the projected full-year 2025 dividend yield of about 5% could be at risk. However, it characterized the asset impairment as a one-time event, adding that with the cement capacity replacement window closing by the end of March, further impairment is likely limited.