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CNBM Expects 1Q Net Loss to Narrow to ~RMB170M
2026-04-17 16:43:21
CNBM (03323.HK) issued a profit alert expecting that the net loss for the three months ended 31 March 2026 would be approx. RMB170 million, whereas the net loss for the same period last year was approx. RMB517 million.

The Board believed that the reduction in net loss during the period is mainly attributable to the increase in sales prices and decrease in the cost of sales of the Group's major products, namely glass fibers, the increase in sales volume of electronic fabrics and lithium battery separator, the increase in the Group's net profit from fair value changes of financial assets recognized at fair value through profit or loss, as well as the increase in profits attributed by its associates, although part of which has been offset by the decrease in sales volume of cement.
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