Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China National Building Material Co ( (HK:3323) ) has shared an update.
China National Building Material Co has announced a significant turnaround in its financial performance for the first half of 2025, expecting an unaudited profit of approximately RMB1,350 million. This improvement from a loss of RMB2,018 million in the same period of 2024 is attributed to increased sales prices, reduced costs of major products like cement and glass fibers, and higher sales volumes of wind power blades and coatings. The announcement suggests a positive shift in the company’s market positioning and operational efficiency, although the final results are yet to be confirmed.
The most recent analyst rating on (HK:3323) stock is a Buy with a HK$4.80 price target. To see the full list of analyst forecasts on China National Building Material Co stock, see the HK:3323 Stock Forecast page.
More about China National Building Material Co
China National Building Material Co is a major player in the building materials industry, primarily producing cement, glass fibers, and commercial concrete. The company also focuses on wind power blades and coatings, indicating a diverse product portfolio aimed at various sectors within the construction and energy industries.
Average Trading Volume: 19,507,293
Current Market Cap: HK$31.74B
For a thorough assessment of 3323 stock, go to TipRanks’ Stock Analysis page.