According to the Zhutong Finance APP, cr bldg mat tec (01313) fell nearly 4%, as of press time, down 3.92%, at 1.96 Hong Kong dollars, with a turnover of 9.9712 million Hong Kong dollars.

On the news front, cr bldg mat tec plans to hold a board meeting on October 25 to consider and approve the performance for the first three quarters. The company previously issued a profit warning announcement, stating that the net profit for the nine months ending in September is expected to decrease by approximately 47%-57% year-on-year. The main reason is the decrease in selling prices of the group's cement products and concrete compared to the same period in 2023, leading to a decrease in comprehensive gross margin and comprehensive gross margin rate.

CICC pointed out that the current real estate investment environment in the southern region has an impact on cement demand, but in the medium term, the construction of the Greater Bay Area provides mid-term construction impetus. At the same time, the regional supply has currently tapered off, and the market has entered a process of rebalancing. Additionally, the regional market concentration is high, with good synergies in place. As a regional leader, cr bldg mat tec has comprehensive advantages in scale and distribution. Furthermore, in recent years, the company has vigorously expanded its aggregate business, which has now entered a harvesting period, bringing a new growth trajectory to the company.