Summary by Futu AI
cr bldg mat tec announced its unaudited financial data for the nine months ended September 30, 2024, showing a 13.1% decrease in revenue compared to the same period in 2023, to RMB 15,774.6 million. The company's attributable profit also significantly decreased by 51.6% to RMB 308.6 million. Basic earnings per share decreased from RMB 0.091 to 0.044. Despite the profit decline, the total assets and equity attributable to owners of the company both slightly increased by 0.4% to RMB 73,085.2 million and RMB 44,270.4 million respectively. The borrowing rate increased slightly from 36.9% to 38.6%. The board of directors does not recommend the payment of any dividends for the three months ended September 30, 2024. The company's comprehensive gross profit and gross margin decreased mainly due to the decrease in the selling prices of cement products and concrete.