China National Building Material swings to H1 loss; hurt by lower cement prices, weak demand

China National Building Material

27/08/2026 15:49

Overview
China building materials producer's H1 revenue fell 2.2% yr/yr amid weak demand
Company posted net loss attributable to owners, reversing profit in prior period
Loss driven by lower demand, falling prices, and impairment charges in cement segment

Outlook
Company did not provide specific guidance for the current or future periods

Result Drivers
BUILDING-MATERIALS DOWNTURN – Cement-and-clinker prices fell 16.7% as construction investment and national cement output declined
IMPAIRMENT CHARGES - Co recorded impairment losses in cement and new materials segments due to asset value declines

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 81.5 bln
 
H1 Net Loss Attributable
 
RMB 829.5 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction materials peer group is "buy"
Wall Street's median 12-month price target for China National Building Material Co Ltd is HK$6.64, about 72.7% above its August 27 closing price of HK$3.85
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
Aug 24 - China's West China Cement H1 revenue falls on lower sales volumes
Aug 26 - China's YCIH Green Concrete interim loss widens on higher credit impairment losses
Aug 25 - China's Flat Glass Group H1 revenue falls amid weak global demand

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-27/5e02943d-ad74-44eb-930c-67317b9527d9.file
(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.)