Changes in Hong Kong stocks | China Resources Building Materials Technology (01313) fell more than 3% in the afternoon, and net profit for the first nine months is expected to fall by about 47% to 57% year on year

The Zhitong Finance App learned that China Resources Building Materials Technology (01313) fell by more than 3%. As of press release, it was down 3.05% to HK$1.91, with a turnover of HK$21.4 million.

According to the news, China Resources Building Materials Technology issued a profit warning. The group expects the profit attributable to company owners to decrease by about 47% to 57% year-on-year in the first nine months of 2024. The main reason is that sales prices of the Group's cement products and concrete fell during this period compared to the same period in 2023, leading to a decrease in comprehensive gross profit and comprehensive gross margin.