China Resources Building Materials Technology (1313) Q3 2026 earnings summary

Executive summary

• 9M 2026 turnover fell 14.9% YoY to RMB12,825.0m; owners’ attributable result swung to a RMB796.2m loss from RMB331.0m profit.

• Q3 owners’ attributable loss was RMB354.9m, versus profit of RMB24.3m in Q3 2025.

Financial highlights

• 9M gross profit declined 61.8% YoY to RMB973.2m; gross margin contracted 9.3 percentage points to 7.6%.

• Q3 turnover was RMB4,189.1m versus RMB4,864.0m YoY; gross profit was RMB259.3m versus RMB662.9m.

• 9M loss before taxation was RMB1,047.5m; loss for the period was RMB935.9m.

Segment performance

• Cement products turnover fell to RMB7,597,278,000 from RMB9,135,433,000; sales volume declined to 36,984,000 tons and average selling price to RMB205.4/ton.

• Concrete turnover was RMB3,046,299,000 versus RMB3,101,637,000; volume rose to 12,978,000 m³ while average selling price fell to RMB234.7/m³.

• Aggregates turnover declined to RMB1,565,023,000 from RMB2,034,499,000; volume fell to 53,155,000 tons and average selling price to RMB29.4/ton.

• 9M gross margins: cement 4.8% (17.1% in 2025), concrete 11.8% (14.7%) and aggregates 13.5% (25.4%).