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China National Building Material Company (3323) investor relations material
China National Building Material Company Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating revenue for Q1 2026 was RMB35.77 billion, down 2.4% year-over-year from RMB36.64 billion.
Net profit attributable to owners was RMB401.33 million, a decrease from RMB618.47 million in Q1 2025.
Operating profit rose to RMB706.76 million from RMB475.19 million year-over-year.
Financial highlights
Total assets increased to RMB500.49 billion as of 31 March 2026, up from RMB489.61 billion at year-end 2025.
Total liabilities rose to RMB314.61 billion from RMB303.08 billion sequentially.
Owners' equity attributable to the company was RMB109.48 billion, slightly down from RMB110.78 billion at year-end.
Net cash flows from operating activities were negative RMB8.18 billion, compared to negative RMB5.05 billion in Q1 2025.
Cash and cash equivalents at period end were RMB27.90 billion, up from RMB23.61 billion a year earlier.
Capital allocation and financing
Three tranches of corporate bonds were issued since October 2025, totaling RMB7 billion, with coupon rates between 1.77% and 1.95%.
No new debt financing instruments (TDFI) were issued since the last quarterly report.
- Net loss of RMB3.7 billion on lower revenue, with new materials segment showing strong growth.3323
H2 202530 Mar 2026 - Revenue fell 18.5% and net loss reached RMB2.02 billion amid industry headwinds.3323
H1 202428 Nov 2025 - Net profit rebounded to RMB1.36 billion on stable revenue and improved segment margins.3323
H1 202528 Nov 2025 - Net profit rebounded to RMB2.96 billion as assets and bond issuances increased in 2025.3323
Q3 202524 Oct 2025 - Revenue and net profit fell sharply, with increased debt financing and lower cash balances.3323
Q3 202413 Jun 2025 - Returned to profit in Q1 2025 with strong debt financing and asset growth.3323
Q1 20256 Jun 2025 - Revenue and profit declined sharply, but strategic transformation and buyback advanced.3323
H2 20246 Jun 2025
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