China National Building Material slips to 2-year low on weak forecast

By Reuters News

** Shares of China National Building Material 3323.HK slip 3.9% to HK$2.93, their lowest point since October 2024

** Stock posts its biggest intraday pct decline since September 2

** The China-based producer of cement, concrete and lightweight building materials expects to post 760 million yuan ($113.57 million) loss for the nine-month period ended in September, compared with 2.96 billion yuan profit the same period in 2025

** The decline is due to a drop in its products prices, decrease in sales volume of cement, concrete and gypsum board, and higher asset impairment loss, company says

** YTD, stock down 42.6%, benchmark Hang Seng Index .HSI down 6.2%


($1 = 6.6917 Chinese yuan)

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