01313 CR BLDG MAT TEC
- 1.990
- -0.020-1.00%
CR BLDG MAT TEC News
Hong Kong stock concept tracking|Real estate market transaction active, institutions highly concerned about cement supply side reform (with concept stocks)
The building materials sector as a whole is still in the slow recovery phase at the bottom, with valuations and positions also at low levels.
Fitch: Mainland stimulus measures help stabilize demand for basic materials, but challenges remain.
Fitch Ratings expects that the real estate stimulus measures recently announced in the mainland will help stabilize the demand for basic materials, boost manufacturers' confidence, and achieve more reasonable pricing. However, weak downstream demand, coupled with a lack of significant capacity reduction, will suppress price increases. The steel industry continues to face challenges, with production in the first nine months of this year decreasing by 4% year-on-year and average selling prices also falling. As downstream activities increase, pushing up the average price, steel producers' profit margins began to rebound in September and continued to rise in October. However, the industry believes that without production control, the widening of profit margins will not be sustainable. As for cement, production in the third quarter was due to demand.
HTSC lowered the target price of CR Bldg Mat Tec (01313.HK) to 3.53 yuan and rated it as a 'buy'.
htsc report stated that cr bldg mat tec (01313.HK) net profit for the first three quarters was 0.309 billion yuan, a 51.6% year-on-year decrease; net profit for the third quarter was 0.143 billion yuan, a 74.5% year-on-year increase, confirming the annual turning point in profitability as announced on October 14. The report pointed out that the cement prices in the Guangdong and Guangxi regions saw a temporary recovery in September, but since October, the upward momentum has resumed, with the approaching dry season of the Xijiang River expected to continue the price increase. As a leading cement company in southern China, the bank believes that the company is expected to benefit from the central profit restoration brought about by the easing of regional market competition. Maintaining a 'buy' rating.
CICC: Maintains Buy rating on CR Building Materials Technology (01313) with target price of HKD 2.5.
CICC lowered cr bldg mat tec (01313) 2024/25E net income attributable to parent company to 0.558 billion yuan / 1.13 billion yuan.
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China Resources Building Materials Technology's Q3 Profit Jumps to 143 Million Yuan
cr bldg mat tec (1313.HK): Established inflection point in profit on a year-on-year basis.
cr bldg mat tec released the third quarter report, with a net profit attributable to the mother of 0.309 billion yuan in 2024 Q1-Q3, a year-on-year decrease of 51.6%; the net profit attributable to the mother in Q3 24 was 0.143 billion yuan, a year-on-year increase of 74.5%, establishing a year-on-year profit turning point.
cr bldg mat tec (01313) announced its performance for the first three quarters of the year. Owners' share of profit amounted to 0.3086 billion yuan.
cr bldg mat tec (01313) announced its performance for the first 9 months of 2024, with revenue of approximately 15.775 billion yuan, the same...
CR BLDG MAT TEC: UNAUDITED FINANCIAL INFORMATION FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2024
CR Bldg Mat Tec (01313): Deng Ronghui appointed as a non-executive director.
cr bldg mat tec (01313) announced that Yang Changyi will retire as a non-executive director starting from October 25, 2024...
cr bldg mat tec (01313.HK) appoints Deng Ronghui as a non-executive director.
On October 25th, Gronglohui announced that CR Building Material Technology (01313.HK) will make the following changes starting from October 25, 2024: (1) Mr. Yang Changyi resigned as a non-executive director, member of the Global Strategy and Investment Committee, and member of the Audit Committee; (2) Mr. Deng Ronghui was appointed as a non-executive director, member of the Global Strategy and Investment Committee, and member of the Risk and Compliance Committee; (3) Mr. Deng Yihai was appointed as an independent non-executive director, member of the Remuneration and Appraisal Committee, member of the Audit Committee, and member of the Risk and Compliance Committee.
HK stock unusual movement | cr bldg mat tec (01313) fell nearly 4% and will release performance tomorrow. Previously expected that net profit would decline by up to 57% in the first three quarters.
cr bldg mat tec (01313) fell by nearly 4%, as of the deadline, it fell by 3.92%, closing at 1.96 Hong Kong dollars, with a turnover of 9.9712 million Hong Kong dollars.
cr bldg mat tec (01313.HK) held a board of directors meeting on October 25 to discuss and approve the performance for the first three quarters.
Great Wisdom 15th October | cr bldg mat tec (01313.HK) announced that the company will hold a board of directors meeting on October 25, 2024 (Friday) to consider and approve the unaudited financial reports of the company and its subsidiaries for the nine months ended September 30, 2024, and their release.
CR BLDG MAT TEC: DATE OF BOARD MEETING
Building materials cement stocks across the board fell, with Shanshui Cement (00691) dropping by 5.88%. Institutions believe that cement prices lack the momentum for a rebound.
Jingu Financial News | Building materials and cement stocks across the board fell. As of the time of publication, Shanshui Cement (00691) fell by 5.88%, Dongwu Cement (00695) fell by 5.29%, CNBM (03323) fell by 3.56%, CR Bldg Mat Tec (01313) fell by 3.55%, Huaxin Cement (06655) fell by 3.16%, Conch Cement (00914) fell by 2.48%. In addition, Dah Sing International stated that since 2024, due to the real estate market still being in a deep adjustment phase, coupled with the continuous slowdown in infrastructure investment growth, the overall demand for the cement industry is weak, and domestic cement prices.
"Dah Sing" report: A stronger fiscal policy is expected to help consolidate the rebound in cement demand. Recommended Conch Cement (00914.HK), Huaxin Cement (06655.HK), CR Bldg Mat Tec (01313.HK), and CNBM (03323.HK).
Lyon's report states that the Ministry of Finance has started to follow a stronger fiscal policy, expecting to support infrastructure growth next year. In addition, the bank believes that several rounds of price increases starting from June this year have proven that the cement industry has emerged from a severe imbalance between supply and demand. The bank points out that cement companies have re-agreed on coordinated production control to promote supply-demand balance. Therefore, with demand improvement and coordinated supply improvement, the cement industry is expected to achieve better profit performance next year. The bank is bullish on the performance of leading cement companies, recommending Conch Cement (00914.HK), Huaxin Cement (06655.HK), and China Resources.
Announcement Highlights | sd gold: Net profit in the first three quarters is expected to increase by 37.52% to 67.26%; ping an insurance's original premium income in the first 9 months is close to 700 billion yuan
PICC Group: The total original premium income for the first 9 months was 568.916 billion yuan, a year-on-year increase of 5.23%; China Res Land: The accumulated contract sales for the first 9 months amounted to 172.3 billion yuan.
CR Building Materials Technology (01313.HK) issued a profit warning, with product prices falling, expected to earn 47%-57% less in the first nine months.
CR Bldg Mat Tec (01313.HK) issued a profit warning, expecting a decrease of about 47%-57% in net profit for the nine months ending in September compared to the same period in 2023, due to a decline in selling prices of the group's cement products and concrete, leading to a decrease in comprehensive gross profit and gross margin.
China Resources Building Materials Technology Expects 47% to 57% Lower Attributable Profit in Nine Months to September
cr bldg mat tec (01313.HK) expects a profit decrease of about 47% to 57% in the first three quarters.
CR Bldg Mat Tec (01313.HK) announced on October 14th that the expected profit attributable to owners of the company for the nine months ended September 30, 2024 is expected to decrease by about 47% to 57% compared to the same period in 2023. The main reason is the decrease in selling prices of the group's cement products and concrete compared to the same period in 2023, leading to a decrease in comprehensive gross profit and gross margin.
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