China National Building Material Co. Ltd. (CNBM) has issued a positive profit alert for the first half of 2025. The company anticipates an unaudited profit attributable to equity holders of approximately RMB1,350 million for the six months ended June 30, 2025. This marks a significant turnaround from the same period in 2024, during which the company reported a loss of around RMB2,018 million. The expected profit increase is largely due to higher sales prices and reduced cost of sales for major products such as cement and glass fibers, an increase in sales volume of wind power blades and coatings, and a reduction in net losses from fair value changes in financial assets. However, these gains have been somewhat offset by a decrease in cement sales volume. The forecast is based on a preliminary review of the company's unaudited financial statements. Shareholders and investors are advised to exercise caution when dealing with the company's shares.
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