China National Building Material Co Ltd Class H (HK:3323)
:3323
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China National Building Material Co
(3323)
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Rating:53Neutral
Price Target:
HK$5.00
â–¼(-16.94% Downside)
Action:ReiteratedDate:04/05/26
The score is held back mainly by deteriorating financial performance (multi-year revenue decline and a 2025 net loss) and weak technical momentum (below major moving averages with negative MACD). These are partially offset by very low valuation (P/E 1.73) and a ~3.56% dividend yield.
Positive Factors
Consistent operating cash flow
Sustained positive operating cash flow, even when GAAP earnings turned negative, indicates the core businesses generate real cash. Over months this supports working capital, liquidity and the ability to fund maintenance capex or service debt without immediate external financing, improving resilience.
Negative Factors
Multi-year revenue decline and 2025 net loss
Sustained top-line decline and a recent swing to a net loss indicate weakening demand mix or competitive pressure. This trend undermines internal funding capacity, compresses reinvestment ability and raises the risk of further margin degradation absent structural recovery in volumes or pricing.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent operating cash flow
Sustained positive operating cash flow, even when GAAP earnings turned negative, indicates the core businesses generate real cash. Over months this supports working capital, liquidity and the ability to fund maintenance capex or service debt without immediate external financing, improving resilience.
Read all positive factors
China National Building Material Co (3323) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$36.83B
Dividend Yield3.3%
Average Volume (3M)23.56M
Price to Earnings (P/E)―
Beta (1Y)1.48
Revenue Growth-5.50%
EPS Growth1248.29%
CountryHK
Employees139,519
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)-0.09
Shares Outstanding3,716,397,200
10 Day Avg. Volume21,056,411
30 Day Avg. Volume23,558,765
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.35
Price to Sales (P/S)0.22
P/FCF Ratio4.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$6.45Price Target Upside7.09% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.66
Revenue Forecast (FY)HK$183.16B
China National Building Material Co Business Overview & Revenue Model
Company Description
China National Building Material Company Limited, an investment holding company, engages in building material, new materials, and engineering technical services businesses. The company operates in five segments: Cement, Concrete, New materials, En...
How the Company Makes Money
The company primarily makes money by selling building materials and related products to customers in the construction and infrastructure value chain. Key revenue streams typically include: (1) Cement: revenue from producing and selling cement (and...
China National Building Material Co Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
44
Neutral
Cash Flow
53
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 177.85B | 181.30B | 210.22B | 233.88B | 273.68B |
| Gross Profit | 33.25B | 32.71B | 37.45B | 39.84B | 65.73B |
| EBITDA | 22.30B | 30.80B | 26.54B | 28.36B | 56.67B |
| Net Income | -3.35B | 2.90B | 4.41B | 8.82B | 17.09B |
Balance Sheet | |||||
| Total Assets | 489.54B | 494.01B | 488.90B | 482.47B | 462.54B |
| Cash, Cash Equivalents and Short-Term Investments | 30.34B | 32.96B | 37.37B | 35.06B | 35.52B |
| Total Debt | 195.38B | 194.48B | 187.03B | 176.29B | 169.81B |
| Total Liabilities | 303.13B | 299.48B | 295.38B | 290.13B | 283.92B |
| Stockholders Equity | 110.67B | 119.44B | 123.16B | 123.15B | 118.68B |
Cash Flow | |||||
| Free Cash Flow | 8.16B | 1.40B | 6.98B | -4.72B | 13.16B |
| Operating Cash Flow | 22.52B | 23.20B | 29.02B | 26.35B | 50.09B |
| Investing Cash Flow | -9.37B | -20.28B | -27.34B | -25.68B | -35.61B |
| Financing Cash Flow | -12.82B | -6.57B | -1.08B | -2.18B | -16.72B |
China National Building Material Co Technical Analysis
6.02
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3323, the sentiment is undefined. The current price of 6.02 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for HK:3323.
China National Building Material Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$130.97B | 12.69 | 4.26% | 4.59% | -28.50% | 23.92% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | HK$12.51B | 17.75 | 6.91% | 1.29% | 20.56% | 254.64% | |
60 Neutral | HK$47.67B | 10.05 | 9.16% | 4.82% | 0.40% | 62.35% | |
53 Neutral | HK$36.83B | ― | 7.49% | 3.30% | -5.50% | 1248.29% | |
49 Neutral | HK$2.00B | -2.49 | -5.53% | ― | -14.85% | ― | |
48 Neutral | HK$739.99M | 2.64 | 2.06% | ― | 0.18% | ― |
* Basic Materials Sector Average
HK:3323
China National Building Material Co
4.85
1.31
37.08%
HK:0914
Anhui Conch Cement Company
21.06
1.84
9.57%
HK:0691
China Shanshui Cement Group
0.46
-0.05
-9.80%
HK:2233
West China Cement
2.29
1.07
88.17%
HK:1252
China Tianrui Group Cement Co., Ltd.
0.24
-0.03
-11.11%
HK:6655
Huaxin Cement Co., Ltd. Class H
17.72
9.58
117.69%
China National Building Material Co Corporate Events
China National Building Material Sets 2026 AGM to Approve Dividend Plans and Share Issue Mandate
Mar 31, 2026
China National Building Material has called its annual general meeting for 29 April 2026 in Beijing, where shareholders will review the board, supervisory committee and auditor reports, and the audited financial statements for 2025. The meeting wi...
China National Building Material Seeks H-Share Buyback Mandate From Investors
Mar 31, 2026
China National Building Material Company Limited has called a class meeting of its H shareholders in Beijing on 29 April 2026 to vote on a special resolution granting the board authority to repurchase up to 10% of the company’s H shares in i...
China National Building Material Seeks Mandate for 10% H-Share Buyback
Mar 31, 2026
China National Building Material Company Limited has convened a domestic shareholders’ class meeting for 29 April 2026 in Beijing to vote on a special resolution granting its board a general mandate to repurchase up to 10% of the companyR...
CNBM Subsidiary Tianshan Material Restates Accounts Without Group-Level Impact
Mar 31, 2026
China National Building Material has disclosed that its subsidiary Tianshan Material identified flaws in how a cement unit recognized asset disposal gains under Chinese Accounting Standards, prompting a retrospective accounting correction. The res...
Tianshan Material Swings to Heavy 2025 Loss as Revenue and Assets Decline
Mar 31, 2026
China National Building Material has disclosed key 2025 financial metrics for its Shenzhen-listed subsidiary Tianshan Material, showing a sharp deterioration in profitability despite maintaining a sizeable asset base. Total assets at Tianshan Mate...
China National Building Material Proposes 2025 Final Dividend With Detailed Tax Rules
Mar 30, 2026
China National Building Material Company Limited has proposed a final ordinary dividend of RMB 0.15 per share for the financial year ended 31 December 2025, subject to shareholder approval on 29 April 2026. The dividend for H shareholders will be ...
China National Building Material Swings to 2025 Loss but Maintains Dividend
Mar 30, 2026
China National Building Material Co. reported audited consolidated operating revenue of RMB177.85 billion for 2025, down 1.9% year on year, as pressure on sales and higher administrative and impairment costs weighed on performance. The group swung...
China National Building Material Reshuffles Board Secretariat and Authorised Representatives
Mar 30, 2026
China National Building Material announced that Ms. Pei Hongyan has resigned as secretary of the Board, joint company secretary and authorised representative with effect from 30 March 2026, citing work adjustments and confirming no disagreement wi...
China National Building Material Vice President Resigns in Routine Management Change
Mar 30, 2026
China National Building Material Company Limited announced the resignation of vice president Cai Guobin, effective 30 March 2026, citing work adjustments as the reason. The board said Cai has no disagreement with the company or its directors and n...
China National Building Material Subsidiary BNBM Reports Profit Decline Despite Asset Growth in 2025
Mar 25, 2026
China National Building Material has disclosed the 2025 financial performance of its Shenzhen‑listed subsidiary Beijing New Building Materials, showing modest balance sheet expansion but weaker profitability. BNBM’s total assets rose 2...
Sinoma International Grows Revenue but Sees Profit and Cash Flow Decline in 2025
Mar 25, 2026
Sinoma International, the engineering subsidiary of China National Building Material, reported a 7.5% rise in 2025 operating revenue to about RMB 49.6 billion, while total assets and net assets attributable to shareholders also expanded, underscor...
China National Building Material Delays Board Meeting to Finalise 2025 Results
Mar 24, 2026
China National Building Material Company Limited, a major Chinese building materials producer with an A-share listed subsidiary Tianshan Material Co., Ltd., operates across the construction materials value chain. The group is overseen by a mixed b...
Sinoma Science & Technology Posts Strong 2025 Rebound for China National Building Material
Mar 19, 2026
China National Building Material’s subsidiary Sinoma Science Technology reported a strong rebound for 2025, with operating revenue rising 25.9% year-on-year to RMB 30.20 billion and net profit attributable to shareholders more than doubling...
China National Building Material Sets March Board Meeting to Approve 2025 Results
Mar 16, 2026
China National Building Material has scheduled a board meeting for 26 March 2026 to review and approve the audited financial results of the company and its subsidiaries for the year ended 31 December 2025, and to consider a possible final dividend...
China National Building Material Warns of Up to RMB4 Billion Loss on Heavy Impairments
Feb 1, 2026
China National Building Material has issued a profit warning, flagging an expected unaudited net loss attributable to equity holders of between RMB2.3 billion and RMB4.0 billion for 2025, a sharp reversal from the profit of about RMB2.387 billion ...
Sinoma Science & Technology Forecasts Profit Surge on Strong Glass Fiber and Wind Blade Sales
Jan 5, 2026
China National Building Material has disclosed that its subsidiary Sinoma Science Technology expects a sharp increase in profitability for the 12 months ended 31 December 2025, with estimated net profit attributable to shareholders rising to betw...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.