China National Building Material Company Limited provided earnings guidance for the twelve months ended 31 December 2025. It is expected that the unaudited loss attributable to equity holders of the Group for the twelve months ended 31 December 2025 would be approximately RMB 2,300 million to RMB 4,000 million, whereas the profit attributable to equity holders for the twelve months ended 31 December 2024 was approximately RMB 2,387 million. The above expected decrease is mainly attributable to the increase in impairment loss on the Group's property, plant and equipment and goodwill, as well as the decrease in sales volume of cement (being the Group's major product), although part of the decrease has been offset by the decrease in cost of sales of cement and commercial concrete, the increase in sales prices and decrease in cost of sales of glass fibers, the increase in sales volume of wind power blades and coatings, as well as the increase in share of profit of associates.
The expected increase in impairment loss relates to the impairment provisions for property, plant and equipment and goodwill associated with the exit in production lines following the capacity replacement of certain cement clinker production lines of the Group.
