03323 CNBM
- 3.340
- -0.120-3.47%
CNBM News
Guolian Securities: Cement "off-season not light" in 24Q3, price center may continue to rise
In the third quarter of 2024, in most regions, the staggered increase in cement intensity continues to increase, with the industry's supply and demand situation gradually improving. Cement prices continue to rise slightly, showing a certain "off-season not light" characteristic. Both industry profits on a month-on-month and year-on-year basis have improved.
Hong Kong stock abnormal | Cement stocks rose today, with new revised capacity replacement implementation methods accelerating capacity clearance and stabilizing demand-side growth efforts.
Cement stocks rose across the board today. As of the time of publication, CNBM (03323) rose by 6.05% to HK$3.68; cr bldg mat tec (01313) rose by 5.39% to HK$2.15; westchinacement (02233) rose by 3.42% to HK$1.21; huaxin cement (06655) rose by 2.96% to HK$8.7.
Cnbm (03323.HK): Zeng Xuan resigned as the employee representative supervisor.
Gelonghui, November 6th - China National Building Material (03323.HK) announced that the company's board of supervisors received Ms. Zeng Xuan's written resignation on November 6, 2024. Ms. Zeng resigned as a staff representative supervisor due to job adjustment.
[Brokerage Focus] citic sec believes that the demand for the cement industry is expected to be in a downward trend in the medium to long term.
Jingu Financial News | Citic Securities stated that the cement industry's demand is expected to be in a downward phase in the medium to long term, with future industry changes focusing more on the supply side. In 2016, the supply-side reform of the cement industry led to a significant decrease in new cement clinker production capacity, but the speed of eliminating outdated capacity was slower than expected, and the industry still faces widespread overcapacity issues. Since 2024, cement demand has dropped significantly, with the industry suffering severe losses. The Ministry of Industry and Information Technology has revised and issued the "Cement Glass Industry Capacity Replacement Implementation Measures (2024 Edition)" in hopes of accelerating the clearance of over 0.3 billion tons of outdated cement clinker production capacity, reducing actual capacity from 2.1 billion tons to the designed capacity of 1 billion tons.
Express News | The 12th meeting of the 14th National People's Congress Standing Committee: Deepening revitalization and utilization to improve the efficiency of state-owned asset management.
Express News | CNBM: Completed the issuance of 2 billion yuan corporate bonds.
Building materials cement stocks are weak. Conch Cement (00914) fell by 3.34%. In late October, the national cement market demand slightly weakened compared to the previous month.
Kingwu Financial News | Building materials cement stocks were weak, with Conch Cement (00914) falling by 3.34%, Huaxin Cement (06655) falling by 2.39%, Westchinacement (02233) falling by 1.6%, Asia Cement (China) (00743) falling by 1.26%, CNBM (03323) falling by 0.6%. GTJA stated that in late October, the national cement market demand slightly weakened compared to the previous month, mainly due to the northern regions entering the off-season one after another, about to start the winter staggered production cycle; demand in the southern regions remained stable in order to improve profits during the final demand period, continuing to drive prices up.
The coupon rate of the fifth series of cnbm's technology innovation corporate bonds in 2024 is 2.30%.
CNBM (03323) announced that in 2024, the company will publicly issue technology innovation bonds (fifth tranche) targeting professional investors, with a issuance size of up to 2 billion yuan. This series of bonds is divided into two types, with Type 1 having a maturity of 3 years and Type 2 having a maturity of 5 years. The series introduces an inter-type clawback option, with no restrictions on the clawback ratio. The issuer and the bookrunner will negotiate and decide whether to exercise the inter-type clawback option based on the subscription situation within the total issuance size. On October 30, 2024, the issuance will take place.
cnbm (03323) 2024 technology innovation enterprise bond index (fifth tranche) variety a's coupon rate is 2.30%.
cnbm (03323) announced that the company will publicly issue technology innovation companies for professional investors in 2024...
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.
CNBM (03323) plans to issue csi enterprise bond index of no more than 2 billion yuan.
cnbm (03323) announced that the company plans to issue China National Building Materials Co., Ltd. 2024 targeted at professional investors...
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.
CNBM Unit to Buy Factory Buildings, Assets From Affiliate
CNBM Unit to Increase Stake in Composite Material Firm
China National Building Material's Subsidiaries to Form JV for Rock Fiber Boards Production Line
cnbm (3323.HK): Performance meets expectations, profitability recovery in progress.
cnbm released its third-quarter report, achieving a net profit attributable to the parent company of 1.06 billion yuan under Chinese accounting standards for 3Q24, up by 55.2% year-on-year. The company turned losses into profits quarter-on-quarter; the total net profit attributable to the parent company for the first three quarters is -0.68 billion yuan, in line with October.
Hong Kong stocks are volatile | CNBM (03323) surged more than 6%, institutions are bullish on its fourth-quarter earnings resilience in the basic building materials sector.
Cnbm (03323) rose more than 6%, as of the publication, up by 6.56%, at 3.41 Hong Kong dollars, with a turnover of 72.7241 million Hong Kong dollars.
Guotai Junan Securities raises the target price of cnbm (03323.HK) to 4.05 yuan, with performance meeting expectations.
HTSC report stated that CNBM (03323.HK) third-quarter performance met expectations. With accelerated cement prices since the fourth quarter, the bank expects the basic building materials sector to become the most profitable business with resilience in the fourth quarter, additional support from the stable growth policy is expected to ease concerns about the company's profitability and debt ratio, bringing more revaluation opportunities, maintaining a "buy" rating. HTSC mentioned that with a comprehensive lower cement clinker sales volume assumption and higher ton gross profit assumption, the company's earnings per share forecast for 2024 to 2026 will be raised by 10%, 4.3%, and 3.6%, to 18 cents, and 52.
CNBM: Sinoma Science & Technology's net income in the first three quarters decreased by 64.36% to 0.608 billion yuan.
cnbm (03323) announced that its subsidiary sinoma science & technology (002080.SZ) achieved revenue of 16.811 billion yuan for the nine months ended September 30, 2024, a decrease of 8.2% year-on-year; net income attributable to sinoma science & technology shareholders was 0.608 billion yuan, down 64.36% year-on-year; basic earnings per share were 0.3625 yuan.
cnbm plans to establish a joint venture company in Handan City to invest in the construction of an industrial production line project with an annual output of 0.05 million tons of rock wool board.
CNBM (03323) announced that on October 25, 2024, Handan Zhongcai, Nanjing Fiberglass Institute (an indirect subsidiary of the company), Beijing New Building Materials (a subsidiary of the company), and Bucky Wind Industry signed a capital contribution agreement. According to this agreement, the contracting parties agreed to establish a joint venture company in Handan City, Hebei Province, China, utilizing the "urban retreat and rural expansion" policy of Handan City and the proprietary technology of Nanjing Fiberglass Institute, selecting local industrial solid waste materials such as coal gangue and slag in Handan Revitalization Economic Development Zone to invest in and construct a 0.05 million-ton annual production line project for rock wool board industrialization. The registered capital of the joint venture company is RMB 80 million, with Handan Zhongcai, Nanjing Fiberglass Institute, Beijing New Building Materials.
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