China National Building Material’s Subsidiary Tianshan Materials Forecasts Significant Loss

An update from China National Building Material Co ( (HK:3323) ) is now available.

China National Building Material Company Limited has announced a projected net loss for its subsidiary, Tianshan Materials Co., Ltd., for the year ending December 31, 2024. The estimated net loss is attributed to decreased market demand, a significant drop in the selling price, and reduced sales volume of cement clinker, despite efforts to control costs by reducing prices for coal and other materials. These factors led to a substantial decrease in gross profit, marking a sharp contrast to the previous year’s profits.

More about China National Building Material Co

China National Building Material Company Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates in the building materials industry and has a focus on products like cement clinker. Tianshan Materials Co., Ltd., a subsidiary of the company, is listed on the Shenzhen Stock Exchange.

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