On September 9,Hong Kong Stock ExchangeThe latest data shows that on September 3BlackRockIncrease holdingsChina Building Materials (03323.HK)Approximately 11.6018 million shares, at HK$11.7273 per share, for a total amount of approximately HK$136 million. After the increase in holdings, the latest number of shares held was about 229 million shares, and the latest shareholding ratio was 5.02%.

Some investors believe that the reason BlackRock has increased its holdings of Chinese building materials this time may be due to the company's improving profit prospects in the cement sector. Currently, the cement price recovery is on track; the cement sector of China Building Materials is also profiting from it, driving the company's profit growth. Second, in the context of the long-term boom in cement, China Building Materials is in the first half of this yearbalance sheetThere have also been improvements in costs and expenses.

As of September 9, the closing price of Chinese building materials was US$12.52, up 3.30%. The current market value is about HK$105.603 billion.