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China National Building Material Co ( (HK:3323) ) has issued an announcement.
China National Building Material Co’s subsidiary, Sinoma Science & Technology, has released an estimated financial result for the year ending December 31, 2024, indicating a significant decrease in net profit compared to the previous year. The projected net profit attributable to shareholders is between RMB 634.0068 million to 950.1465 million, representing a decline of 57.26% to 71.48% from the previous year’s RMB 2,223.3105 million. This decrease signals potential challenges in Sinoma’s market operations, raising concerns among stakeholders about its financial health and strategic positioning in the industry.
More about China National Building Material Co
China National Building Material Co is a joint stock limited company incorporated in the People’s Republic of China. It operates in the building materials industry, with a market focus that includes supplying materials and technology solutions primarily through its subsidiary Sinoma Science & Technology, which is listed on the Shenzhen Stock Exchange.
See more insights into 3323 stock on TipRanks’ Stock Analysis page.
