On July 15, Guosen Securities stated in a report that cr bldg mat tec released a performance forecast for the first half of the year, with net income expected to fall by 65% to 70% year-on-year. The bank estimates that its second-quarter net income will fall by 66% to 70% year-on-year, lower than market expectations. The bank expects the year-on-year decline in profits to be mainly due to the company's average selling price falling. Since late June, cement prices in the southern market have risen by 27 yuan per tonne. It is expected that under the current price level, the company's profitability has improved significantly. The bank believes that the company's most difficult period may have already passed, and the consensus that cement industry benefits are a priority in the second half of the year is expected to become more solid, which will help ease industry competition and raise cement prices. Based on lower sales assumptions and higher gross profit assumptions per ton, the company's earnings per share forecast for 2024 to 2026 is increased by 61%, 76%, and 147%, respectively, to HK$0.13, HK$0.15, and HK$0.14 per share, and the target price is increased by 3.3% to HK$3.75, maintaining a “buy” rating.