China Building Materials (03323) Fa Ying Guang estimates that the loss due to shareholders in the medium term is about 890 million yuan, a year-on-year profit to loss

According to the Zhitong Finance App, China Building Materials (03323) announced that the Group expects the loss due to unaudited equity holders for the six months ending June 30, 2026 to be approximately RMB 890 million, while the profit attributable to equity holders for the six months ended June 30, 2025 is approximately RMB 1.36 billion. This decline in expectations is mainly due to a drop in sales prices for the Group's main products, cement, commercial concrete, and aggregate; a decrease in sales of commercial concrete and gypsum board; an increase in depreciation provisions for the Group's property, plant and equipment; and an increase in net losses due to changes in the fair value of financial assets confirmed by fair value in profit and loss accounts. However, some of the losses were offset by rising sales prices of glass fiber and falling sales costs of electronic cloth, increased sales of electronic cloth and lithium battery separators, and lower sales costs of cement and commercial concrete. The profitable growth of the new materials sector business group has a low shareholding ratio, which has failed to fully offset the decline in profits in the basic building materials sector business where the group has a high shareholding ratio.