Cnbm issued a profit warning, forecasting an unaudited shareholder loss of approximately 700 million yuan for the nine months ending September 30, 2024. In contrast, the attributable profit for the same period in 2023 was approximately 2,353 million yuan. The current loss is mainly due to the decrease in the selling prices of cement, commodity concrete, and fiberglass, as well as a reduction in cement sales volume. However, some of the losses were offset by cost reductions and a decrease in net losses from changes in the fair value of financial assets. The company reminds shareholders and potential investors to trade cautiously and expects the third-quarter performance announcement for 2024 to be released by the end of October.

Cnbm issued a profit warning, forecasting an unaudited shareholder loss of approximately 700 million yuan for the nine months ending September 30, 2024. In contrast, the attributable profit for the same period in 2023 was approximately 2,353 million yuan. The current loss is mainly due to the decrease in the selling prices of cement, commodity concrete, and fiberglass, as well as a reduction in cement sales volume. However, some of the losses were offset by cost reductions and a decrease in net losses from changes in the fair value of financial assets. The company reminds shareholders and potential investors to trade cautiously and expects the third-quarter performance announcement for 2024 to be released by the end of October.