Summary by Futu AI
China Building Materials (CNBM), a subsidiary of China Building Materials International Engineering Corporation (CNBM), published key accounting data and financial indicators for the first quarter of 2024. The report showed that for the three months ended March 31, 2024, China Material International's operating income reached RMB 1,028,784.19 million, an increase of 2.74% year-on-year. NET PROFIT ATTRIBUTABLE TO MIDDLE MATERIAL INTERNATIONAL SHAREHOLDERS WAS RMB63,639.36 MILLION, AN INCREASE OF 3.08%, WHILE NET PROFIT AFTER NON-RECURRING LOSSES WAS RMB65,376.72 MILLION, A SIGNIFICANT INCREASE OF 12.35% YEAR-ON-YEAR. However, the net cash flow generated by operating activities was negative $118,800 million. Basic earnings per share and diluted earnings per share were $0.25 and $0.24, up 8.70% and 4.35%, respectively. The Weighted Average Return on Net Assets decreased by 0.26 percentage points from the same...Show More