Summary by Futu AI
CR Building Materials Technology Holdings Limited (the "Company") issued a profit warning, stating that the profit for the six months ended 30 June 2024 is expected to decrease by approximately 65% to 75% compared to the same period last year. The main reason for the decline is the decrease in sales prices of the Group's cement products and concrete, resulting in a decrease in gross profit and gross margin. This forecast is based on unaudited preliminary assessment of consolidated financial accounts and other existing information, and may be subject to further adjustments. The specific financial information will be disclosed in the mid-year performance announcement in 2024. Shareholders and potential investors of the Company should exercise caution when dealing in the relevant securities.