China National Building Material Company (3323) Q1 2026 earnings summary

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.