China Resources Building Materials Technology Holdings Ltd. (1313.HK) saidon Wednesday that it expects to report its profit last year surged 115% to 135% from about 211 million yuan in 2024. Based on that guidance, the company expects to report a full-year profit of between 242 million yuan ($35 million) and 285 million yuan.
The company attributed the sharp improvement to lower overall costs in 2025 and a reduction in impairment losses. It did not provide a revenue forecast.
Formerly known as China Resources Cement, China Resources Building Materials is a building materials producer under conglomerate China Resources Group. Its core businesses include cement, aggregates and concrete, while it has also expanded into functional building materials such as engineered stone, tile adhesives and specialty mortar, as well as new materials like calcium oxide.
The company reported revenue of 15.07 billion yuan in the first nine months of last year, down 4.5% year-on-year, while its net profit during that time rose 7.3% to 331 million yuan.
The company’s stock opened higher on Thursday and closed at HK$1.86 by the midday break, up 3.91%.
By Lee Shih Ta
To subscribe to Bamboo Works weekly free newsletter, click here
