China Building Materials (03323) opened more than 3% lower after the warning. As of press release, it fell 3.64% to HK$2.91, with a turnover of HK$3.32,200.
The Zhitong Finance App learned that China Building Materials (03323) opened more than 3% lower after the warning. As of press release, it fell 3.64% to HK$2.91, with a turnover of HK$3.32,200.
According to the news, China Building Materials (03323) announced that it is expected that the Group's losses due to unaudited equity holders for the three months ending March 31, 2024 will be approximately RMB 1.3 billion, and the net loss for the same period last year will be approximately RMB 526 million, an increase of 147% over the previous year. Mainly due to the drop in sales prices of cement, concrete and other products.