Core Viewpoint - China National Building Material (03323) has experienced a stock price increase of over 4%, currently trading at HKD 5.67 with a transaction volume of HKD 76.46 million. The company has issued a profit warning, projecting a shareholder loss of up to approximately HKD 4 billion for 2025, while estimating a profit of around HKD 2.387 billion for the fiscal year 2024 [1][1][1] Group 1 - The company anticipates asset impairment provisions for 2025 to be between HKD 6 billion and HKD 8.3 billion based on preliminary assessments by evaluation agencies [1] - Bank of America Securities has released a report indicating that the loss magnitude for China National Building Material exceeds their expectations, suggesting that the anticipated dividend yield of approximately 5% for 2025 may face risks [1] - The report notes that the asset impairment is considered a one-time event, and with the cement capacity replacement window closing at the end of March, there is limited room for further impairments [1] Group 2 - Bank of America maintains a "Buy" rating for China National Building Material, citing the potential for profit growth in its new materials business and a long-term positive overseas expansion strategy, with a target price set at HKD 5.7 [1]

Group 1 - The core viewpoint of the article indicates that China National Building Material (CNBM) has experienced a stock price increase of over 4%, currently trading at 5.67 HKD with a transaction volume of 76.46 million HKD [1] - CNBM has issued a profit warning, projecting a shareholder loss of up to 4 billion CNY for 2025, while estimating a shareholder profit of approximately 2.387 billion CNY for 2024 [1] - Preliminary assessments by evaluation agencies suggest that asset impairment provisions for 2025 could range from 6 billion CNY to 8.3 billion CNY [1] Group 2 - Bank of America Securities has released a report stating that CNBM's loss magnitude exceeds their expectations, indicating potential risks to the anticipated dividend yield of around 5% for the full year of 2025 [1] - The report suggests that the asset impairment is a one-time occurrence, and with the cement capacity replacement window closing at the end of March, further impairment is expected to be limited [1] - The firm maintains a "Buy" rating on CNBM, citing the profitability growth of its new materials business and a long-term positive overseas expansion strategy, with a target price of 5.7 HKD [1]

美银证券发布研报称，中国建材(03323)发盈警，料2025年亏损介乎23亿至40亿元人民币(下同)，主要因 与水泥产能置换相关的60亿至83亿元资产减值;亏损幅度远超该行预期。该行认为2025全年股息率约5% 的预期将面临风险。该行认为是次资产减值属单次性质。随着水泥产能置换窗口将于3月底关闭，进一 步减值的空间有限;维持对中国建材的"买入"评级，基于其新材料业务的盈利增长及长期积极的海外扩 张策略，目标价5.7港元。 ...

智通财经APP获悉，美银证券发布研报称，中国建材(03323)发盈警，料2025年亏损介乎23亿至40亿元人 民币(下同)，主要因与水泥产能置换相关的60亿至83亿元资产减值; 亏损幅度远超该行预期。该行认为 2025全年股息率约5%的预期将面临风险。该行认为是次资产减值属单次性质。随着水泥产能置换窗口 将于3月底关闭，进一步减值的空间有限; 维持对中国建材的"买入"评级，基于其新材料业务的盈利增长 及长期积极的海外扩张策略，目标价5.7港元。 ...

美银证券发表研报指，中国建材发盈警，预计2025年亏损介乎23亿至40亿元，亏损幅度远超该行预期， 主要因与水泥产能置换相关的60亿至83亿元资产减值。该行认为是次资产减值属单次性质。随着水泥产 能置换窗口将于3月底关闭，进一步减值的空间有限，维持对中国建材的"买入"评级，基于其新材料业 务的盈利增长及长期积极的海外扩张策略，目标价为5.7港元。 ...

中国建材(03323)反弹近7%，截至发稿，涨6.53%，报5.38港元，成交额1.7亿港元。 消息面上，中国建材近日发布盈警，预期2025年股东应占亏损至多约40亿元，主要因与水泥产能置换相 关的60亿至83亿元资产减值。美银证券发布研报称，亏损幅度远超该行预期。该行认为2025全年股息率 约5%的预期将面临风险。该行认为，此次资产减值属单次性质。随著水泥产能置换窗口将于3月底关 闭，进一步减值的空间有限。 ...

智通财经APP获悉，中国建材(03323)反弹近7%，截至发稿，涨6.53%，报5.38港元，成交额1.7亿港元。 消息面上，中国建材近日发布盈警，预期2025年股东应占亏损至多约40亿元，主要因与水泥产能置换相 关的60亿至83亿元资产减值。美银证券发布研报称，亏损幅度远超该行预期。该行认为2025全年股息率 约5%的预期将面临风险。该行认为，此次资产减值属单次性质。随著水泥产能置换窗口将于3月底关 闭，进一步减值的空间有限。 ...

Group 1 - The core viewpoint of the article highlights a significant upward movement in the Hong Kong construction materials and cement stocks, with notable gains in specific companies [1] Group 2 - China National Building Material (03323.HK) experienced a rise of over 6% [1] - Other companies in the sector, including Dongwu Cement (00695.HK), Huaxin Cement (06655.HK), Western Cement (02233.HK), and Conch Cement (00914.HK), also saw their stock prices increase [1]

香港联交所最新数据显示，1月27日，贝莱德增持中国建材（03323）1254.4535万股，每股作价5.3728港 元，总金额约为6739.93万港元。增持后最新持股数目约为3.07亿股，最新持股比例为8.26%。 责任编辑：卢昱君 香港联交所最新数据显示，1月27日，贝莱德增持中国建材（03323）1254.4535万股，每股作价5.3728港 元，总金额约为6739.93万港元。增持后最新持股数目约为3.07亿股，最新持股比例为8.26%。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 ...

Major Events - Singularity Guofeng (01280) sold all shares of China Silver Ray (Hong Kong) Investment Holdings Limited at zero cost [1] - ZTE Corporation (00763) plans to invest 117 million yuan to subscribe to Jianxing Zhanlu Fund shares [1] - Cloud Factory (02512) subsidiary won the bid for the second phase of the artificial intelligence industry base project [1] - CSPC Pharmaceutical Group (01093) received drug registration approval for Chlorpheniramine Lactate Injection [1] - Derin Holdings (01709) reported a Bitcoin balance of 84.555 BTC as of January 31 [1] - Baiguoyuan Group (02411) diluted its stake in Baiguoyuan Commercial Management to 51.02%, with core management investing to enhance new business layout [1] Operating Performance - XPeng Motors-W (09868) delivered 20,011 new vehicles in January [1] - Ruipulan Jun (00666) issued a profit warning, expecting a net profit of approximately 630 million to 730 million yuan in 2025, turning from loss to profit [1] - China Merchants Jinling (00978) projected a total contract sales amount of approximately 32.308 billion yuan in 2025, a year-on-year decrease of 23.91% [1] - China National Building Material (03323) issued a profit warning, expecting a shareholder loss of approximately 2.3 billion to 4 billion yuan in 2025, turning from profit to loss [1]