CNBM (03323) issues profit warning, expecting the first-quarter net loss attributable to shareholders to narrow by about 170 million yuan compared to the same period last year.

CNBM (03323) announced that it is expected that the unaudited loss attributable to equity holders of the Group for the three months ended March 31, 2026 will be approximately RMB 170 million, while the unaudited loss attributable to equity holders for the three months ended March 31, 2025 was approximately RMB 517 million. The announcement stated that the decrease in the expected loss attributable to equity holders was mainly due to the increase in the selling price of the group's main product, glass fiber, and the decrease in selling costs. Additionally, there was an increase in sales volume of electronic cloth and lithium battery diaphragms, an increase in net gains from fair value changes of financial assets recognized in profit and loss, and an increase in profit attributable to associated companies. However, this was partially offset by a decrease in cement sales prices.