China National Building Material Company Limited (CNBM) expects to report an unaudited loss attributable to equity holders of about RMB170 million for the three months ended 31 March 2026, a sharp improvement from the RMB517 million loss recorded in the same period of 2025.

Management attributes the c. 67.1% year-on-year reduction in losses to four key factors: 1. Higher selling prices and lower production costs for the Group’s core glass-fibre products. 2. Increased sales volumes of electronic fabrics and lithium-battery separators. 3. A rise in net profit from fair-value changes of financial assets measured at fair value through profit or loss. 4. Stronger profit contributions from associates.

These positives were partly offset by a decline in cement sales volume, limiting further earnings recovery.

The figures are based on the Group’s preliminary review of unaudited PRC GAAP accounts. Final first-quarter results are scheduled for release before end-April 2026. Shareholders and potential investors are advised to exercise caution when dealing in CNBM shares until the final data are published.