Chinese building materials supplier BBMG H1 net loss widens amid weakness in cement market

BBMG

28/08/2026 15:28

Overview
China building materials supplier's H1 net loss attributable widened 45% yr/yr to RMB2.17 bln
Operating revenue for H1 fell 21% yr/yr, gross margin declined 1.4 percentage points
Board did not recommend interim dividend for H1, unchanged from prior year

Outlook
Company did not provide specific financial guidance for future periods in the press release

Result Drivers
CEMENT MARKET PRESSURE – Cement and clinker margin fell 8.3 percentage points to 12.4% as weak downstream demand depressed prices and coal costs rose; sales volume fell 6.7%
 
PROPERTY SALES DECLINE – Property development revenue fell 61.5%, alongside a 31.7% drop in contracted sales area and a 56.4% fall in booked GFA

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Loss Attributable
 
RMB 2.17 bln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the construction materials peer group is "buy."

Reuters Recommended Reads
Aug 27 - China National Building Material swings to H1 loss; hurt by lower cement prices, weak demand
Aug 28 - Building materials maker China Lesso's H1 revenue, profit fall on weak domestic demand
Aug 26 - China's YCIH Green Concrete interim loss widens on higher credit impairment losses

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)