HK Stock Market Move | CNBM (03323) fell nearly 4% in the morning, with an estimated loss of approximately 170 million yuan in the first quarter.

CNBM (03323) fell nearly 4%, as of the time of publication, down 3.71% to HK$5.19, with a turnover of HK$82.2131 million. On the news front, CNBM announced that the expected unaudited loss attributable to equity holders of the group for the three months ended March 31, 2026 is approximately RMB 170 million, compared to a loss of approximately RMB 517 million for the same period last year. The announcement stated that the decrease in expected loss attributable to equity holders is mainly due to the increase in sales prices and the decrease in sales costs of the group's main product, glass fiber, the increase in sales volume of electronic cloth and lithium battery diaphragms, the increase in net fair value changes in financial assets recognized in the profit and loss account at fair value by the group, and the increase in profit attributable to jointly controlled companies, offset in part by the decrease in cement sales prices.