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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
China National Building Material Company
China National Building Material Company (3323) investor relations material
China National Building Material Company Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary23 Oct, 2026
Executive summary
9M 2026 operating revenue was RMB129,985,038,098 vs RMB133,443,025,255 in 9M 2025; net profit attributable to owners swung to a RMB728,302,495 loss from RMB2,959,637,479 profit.
Financing activity included multiple corporate and renewable bond tranches issued during 2026, with stated annual coupons from 1.47% to 1.72%.
Financial highlights
Total operating costs were RMB128,285,435,898 vs RMB127,745,667,680 in 9M 2025; operating profit was RMB2,336,030,294 vs RMB8,149,088,043.
Total profit was RMB2,341,818,578 vs RMB8,113,053,086; net profit was RMB799,624,666 vs RMB6,570,641,739.
Credit impairment losses were RMB1,310,319,380 vs RMB531,894,012; asset impairment losses were RMB884,428,335 vs RMB130,494,974.
Key financial ratios and metrics
At 30 September 2026, total assets were RMB510,101,810,557 vs RMB489,607,542,687 at 31 December 2025; total liabilities were RMB325,312,489,116 vs RMB303,081,367,224.
Total owners’ equity was RMB184,789,321,441 vs RMB186,526,175,463; cash and bank balances were RMB39,150,894,879 vs RMB27,030,477,564.
9M net cash from operating activities was RMB2,298,479,820 vs RMB7,312,487,731; ending cash and cash equivalents were RMB35,401,843,138 vs RMB24,115,097,332.
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Latest events from China National Building Material Company
- Net loss of RMB829 million on RMB81.48 billion revenue, with new materials growth offset by basic materials weakness.3323
H1 2026 - Revenue and net profit declined year-over-year, but liquidity and bond issuance remained strong.3323Q1 2026
- Net loss of RMB3.7 billion on lower revenue, with new materials segment showing strong growth.3323H2 2025
- Net profit rebounded to RMB2.96 billion as assets and bond issuances increased in 2025.3323Q3 2025
- Net profit rebounded to RMB1.36 billion on stable revenue and improved segment margins.3323H1 2025
- Revenue and net profit fell sharply, with increased debt financing and lower cash balances.3323Q3 2024
- Revenue fell 18.5% and net loss reached RMB2.02 billion amid industry headwinds.3323H1 2024
- Returned to profit in Q1 2025 with strong debt financing and asset growth.3323Q1 2025
- Revenue and profit declined sharply, but strategic transformation and buyback advanced.3323H2 2024
Next China National Building Material Company earnings date
H2 202630 Mar, 2027
China National Building Material Company
Next China National Building Material Company earnings date
H2 202630 Mar, 2027
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Frequently asked questions
China National Building Material Company Limited (CNBM) is a China-based company primarily engaged in the production and sale of building materials and related products. The company’s offerings include cement, lightweight building materials, glass fiber, and composite materials, serving construction, infrastructure, and industrial applications. CNBM also provides engineering services and equipment manufacturing for the building materials industry. The company is headquartered in Beijing, China, and its shares are listed on the Hong Kong Stock Exchange.