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CNBM Rallies 8%+ as 1H25 Expected to Swing into Profit of RMB1.35B
Recommend 16 Positive 35 Negative 8 |
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CNBM (03323.HK) issued a positive profit alert, and its stock price opened 2.63% higher before its gains expanded today (14th). The stock peaked at $4.64, and last shot up 8.59% to $4.55, with a trading volume of 18.3631 million shares, involving $83.3264 million. CNBM expected that 1H25 profit would be approximately RMB1.35 billion, compared to a loss of RMB2.018 billion in the same period last year. The above expected increase is mainly attributed to the increase in sales prices and decrease in cost of sales of the Group's major products, namely cement and glass fibers, the decrease in cost of sales of commercial concrete, the increase in sales volume of wind power blades and coatings, as well as the decrease in net loss from fair value changes of financial assets, although part of which has been offset by the decrease in sales volume of cement. AASTOCKS Financial News Website: www.aastocks.com |
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