Announcement • May 30
China Resources Building Materials Technology Holdings Limited Approves Final Ordinary Dividend for the Financial Year Ended 31 December 2025, Payable on 22 July 2026 China Resources Building Materials Technology Holdings Limited approved the final ordinary dividend of HKD 0.024 per share or RMB 0.02088696 per share for the financial year ended 31 December 2025, payable on 22 July 2026. Ex-dividend date on 04 June 2026 with Record date on 12 June 2026. Date of shareholders' approval on 29 May 2026. Upcoming Dividend • May 28
Upcoming dividend of HK$0.024 per share Eligible shareholders must have bought the stock before 04 June 2026. Payment date: 22 July 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (4.2%). New Risk • Apr 27
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). New Risk • Apr 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.9% Last year net profit margin: 1.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Apr 25
First quarter 2026 earnings released: CN¥0.027 loss per share (vs CN¥0.015 profit in 1Q 2025) First quarter 2026 results: CN¥0.027 loss per share (down from CN¥0.015 profit in 1Q 2025). Revenue: CN¥4.17b (down 9.9% from 1Q 2025). Net loss: CN¥187.9m (down 276% from profit in 1Q 2025). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 18
Consensus EPS estimates increase by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥21.2b to CN¥21.8b. EPS estimate increased from CN¥0.095 to CN¥0.117 per share. Net income forecast to grow 64% next year vs 16% growth forecast for Basic Materials industry in Hong Kong. Consensus price target of HK$1.92 unchanged from last update. Share price fell 3.2% to HK$1.51 over the past week. Announcement • Apr 14
China Resources Building Materials Technology Holdings Limited to Report Q1, 2026 Results on Apr 24, 2026 China Resources Building Materials Technology Holdings Limited announced that they will report Q1, 2026 results on Apr 24, 2026 Major Estimate Revision • Mar 26
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥21.9b to CN¥21.7b. EPS estimate also fell from CN¥0.135 per share to CN¥0.101 per share. Net income forecast to grow 48% next year vs 13% growth forecast for Basic Materials industry in Hong Kong. Consensus price target down from HK$2.01 to HK$1.94. Share price was steady at HK$1.55 over the past week. Reported Earnings • Mar 20
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥0.069 (up from CN¥0.03 in FY 2024). Revenue: CN¥21.1b (down 8.6% from FY 2024). Net income: CN¥479.4m (up 127% from FY 2024). Profit margin: 2.3% (up from 0.9% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Mar 20
China Resources Building Materials Technology Holdings Limited, Annual General Meeting, May 29, 2026 China Resources Building Materials Technology Holdings Limited, Annual General Meeting, May 29, 2026. Major Estimate Revision • Mar 12
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.082 to CN¥0.073 per share. Revenue forecast steady at CN¥21.2b. Net income forecast to grow 245% next year vs 14% growth forecast for Basic Materials industry in Hong Kong. Consensus price target of HK$2.01 unchanged from last update. Share price fell 2.9% to HK$1.70 over the past week. Announcement • Mar 11
China Resources Building Materials Technology Holdings Limited to Report Fiscal Year 2025 Results on Mar 19, 2026 China Resources Building Materials Technology Holdings Limited announced that they will report fiscal year 2025 results on Mar 19, 2026 Major Estimate Revision • Feb 24
Consensus EPS estimates fall by 30% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.085 to CN¥0.06 per share. Revenue forecast steady at CN¥21.3b. Net income forecast to grow 245% next year vs 15% growth forecast for Basic Materials industry in Hong Kong. Consensus price target broadly unchanged at HK$2.01. Share price was steady at HK$1.92 over the past week. Announcement • Feb 05
China Resources Building Materials Technology Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2025 China Resources Building Materials Technology Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2025. The profit attributable to owners of the Company for the year ended 31 December 2025 is expected to increase by approximately 115% to 135% as compared with RMB 210,863,000 for the year ended 31 December 2024, primarily attributable to the lower costs and reduction of impairment loss of the Group during 2025. Major Estimate Revision • Jan 06
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.087 to CN¥0.077 per share. Revenue forecast steady at CN¥21.7b. Net income forecast to grow 300% next year vs 17% growth forecast for Basic Materials industry in Hong Kong. Consensus price target down from HK$2.10 to HK$2.05. Share price rose 2.6% to HK$1.60 over the past week. Buy Or Sell Opportunity • Nov 07
Now 20% overvalued Over the last 90 days, the stock has fallen 13% to HK$1.67. The fair value is estimated to be HK$1.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 88%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥22.8b to CN¥21.3b. EPS estimate also fell from CN¥0.111 per share to CN¥0.087 per share. Net income forecast to grow 329% next year vs 24% growth forecast for Basic Materials industry in Hong Kong. Consensus price target down from HK$2.20 to HK$2.13. Share price fell 5.1% to HK$1.69 over the past week. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.003 (vs CN¥0.02 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.003 (down from CN¥0.02 in 3Q 2024). Revenue: CN¥4.86b (down 11% from 3Q 2024). Net income: CN¥24.3m (down 83% from 3Q 2024). Profit margin: 0.5% (down from 2.6% in 3Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Oct 14
China Resources Building Materials Technology Holdings Limited to Report Nine Months, 2025 Results on Oct 24, 2025 China Resources Building Materials Technology Holdings Limited announced that they will report nine months, 2025 results on Oct 24, 2025 Announcement • Sep 26
China Resources Building Materials Technology Holdings Limited Appoints Mr. Li Baojun as Executive Director, with Effect from 26 September 2025 China Resources Building Materials Technology Holdings Limited announced that Mr. LI Baojun has been appointed as an executive Director with effect from 26 September 2025.
Mr. LI, aged 56, has been appointed as an executive Director with effect from 26 September 2025. He is responsible for the management of mass work, organization and personnel, and administrative work of the Company, and is a director of certain subsidiaries of the Company. Mr. LI joined China Resources Group in September 2002 and had served as the General Manager of the Strategic Management Department of China Resources Power Holdings Company Limited as well as the Assistant General Manager of the Strategic Management Department of China Resources (Holdings) Company Limited. He joined the Group in January 2014, served as the Assistant President and the Vice President of the Company from January 2014 to December 2020 and from December 2020 to June 2025 respectively, and acted as various roles including the Chief Strategy Officer, the General Manager of the International Department and the Regional General Manager (Hainan). Mr. LI holds a bachelor's degree in engineering from the Tianjin University, China, a master's degree in industrial engineering from the Hebei University of Technology, China and a master's degree in business administration from the China Europe International Business School, China. Under the service contract with the Company, Mr. LI has no fixed term of service with the Company but will be subject to rotational retirement and re-election requirements at annual general meetings of the Company at least about once every three years pursuant to the Articles of Association of the Company. Upcoming Dividend • Sep 04
Upcoming dividend of HK$0.014 per share Eligible shareholders must have bought the stock before 11 September 2025. Payment date: 24 October 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Hong Kong dividend payers (6.7%). Lower than average of industry peers (2.7%). Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 29%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥22.5b to CN¥23.2b. EPS estimate fell from CN¥0.162 to CN¥0.115 per share. Net income forecast to grow 193% next year vs 35% growth forecast for Basic Materials industry in Hong Kong. Consensus price target broadly unchanged at HK$2.18. Share price was steady at HK$1.89 over the past week. Declared Dividend • Aug 18
First half dividend of ₹0.014 announced Shareholders will receive a dividend of ₹0.014. Ex-date: 11th September 2025 Payment date: 24th October 2025 Dividend yield will be 1.3%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 136% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: CN¥0.029 (vs CN¥0.028 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.029 (up from CN¥0.028 in 2Q 2024). Revenue: CN¥5.58b (up 1.0% from 2Q 2024). Net income: CN¥199.7m (up 2.6% from 2Q 2024). Profit margin: 3.6% (in line with 2Q 2024). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to HK$1.96. The fair value is estimated to be HK$1.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 103%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Aug 06
China Resources Building Materials Technology Holdings Limited to Report First Half, 2025 Results on Aug 15, 2025 China Resources Building Materials Technology Holdings Limited announced that they will report first half, 2025 results on Aug 15, 2025 Buy Or Sell Opportunity • Jul 21
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to HK$2.13. The fair value is estimated to be HK$1.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 103%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Buy Or Sell Opportunity • Jun 24
Now 22% overvalued Over the last 90 days, the stock has fallen 9.9% to HK$1.63. The fair value is estimated to be HK$1.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 103%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Major Estimate Revision • Jun 07
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.151 to CN¥0.167. Revenue forecast steady at CN¥22.6b. Net income forecast to grow 248% next year vs 33% growth forecast for Basic Materials industry in Hong Kong. Consensus price target broadly unchanged at HK$2.23. Share price was steady at HK$1.64 over the past week. Buy Or Sell Opportunity • Jun 03
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 1.2% to HK$1.65. The fair value is estimated to be HK$1.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 103%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Announcement • May 30
China Resources Building Materials Technology Holdings Limited Approves Final Dividend for the Year Ended 31 December 2024 China Resources Building Materials Technology Holdings Limited at its Annual General Meeting held on 30 May 2025, approved to declare a final dividend of HKD 0.01 per share for the year ended 31 December 2024. Upcoming Dividend • May 29
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 23 July 2025. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (4.1%). Major Estimate Revision • May 02
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.175 to CN¥0.138 per share. Revenue forecast steady at CN¥23.4b. Net income forecast to grow 228% next year vs 23% growth forecast for Basic Materials industry in Hong Kong. Consensus price target of HK$2.28 unchanged from last update. Share price fell 3.6% to HK$1.63 over the past week. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: CN¥0.015 (vs CN¥0.004 loss in 1Q 2024) First quarter 2025 results: EPS: CN¥0.015 (up from CN¥0.004 loss in 1Q 2024). Revenue: CN¥4.63b (down 3.4% from 1Q 2024). Net income: CN¥107.0m (up CN¥135.8m from 1Q 2024). Profit margin: 2.3% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Apr 11
China Resources Building Materials Technology Holdings Limited to Report Q1, 2025 Results on Apr 25, 2025 China Resources Building Materials Technology Holdings Limited announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Apr 10
China Resources Building Materials Technology Holdings Limited Provides Earnings Guidance for the Three Months Ended March 31, 2025 China Resources Building Materials Technology Holdings Limited provided earnings guidance for the three months ended March 31, 2025 . For the year, the Group is expected to record a profit attributable to owners of the Company for the Period ranging between approximately RMB 100.0 million to RMB 120.0 million as compared with a loss attributable to owners of the Company of RMB 28.9 million for the three months ended 31 March 2024, primarily attributable to the higher selling prices and the lower costs of sales of the Group's cement products during the Period as compared with the corresponding period in 2024. Declared Dividend • Mar 19
Final dividend of HK$0.01 announced Shareholders will receive a dividend of HK$0.01. Ex-date: 5th June 2025 Payment date: 23rd July 2025 Dividend yield will be 1.6%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 3.7% to bring the payout ratio under control. EPS is expected to grow by 124% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Mar 15
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.03 (down from CN¥0.092 in FY 2023). Revenue: CN¥23.0b (down 9.8% from FY 2023). Net income: CN¥210.9m (down 67% from FY 2023). Profit margin: 0.9% (down from 2.5% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Mar 04
China Resources Building Materials Technology Holdings Limited to Report Fiscal Year 2024 Results on Mar 14, 2025 China Resources Building Materials Technology Holdings Limited announced that they will report fiscal year 2024 results on Mar 14, 2025 New Risk • Feb 22
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Major Estimate Revision • Feb 18
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.112 to CN¥0.10 per share. Revenue forecast steady at CN¥23.6b. Net income forecast to grow 247% next year vs 29% growth forecast for Basic Materials industry in Hong Kong. Consensus price target broadly unchanged at HK$2.21. Share price fell 3.8% to HK$1.53 over the past week. Announcement • Dec 04
China Resources Building Materials Technology Holdings Limited Announces Board Changes The board of directors of China Resources Building Materials Technology Holdings Limited announced that Mr. JI Youhong has notified the Board of his plan of retirement as he is reaching retirement age. With effect from 4 December 2024, Mr. JI Youhong has retired as the Chairman of the Board, an executive Director, the chairman of the strategy and investment committee of the Company, the chairman of the nomination committee of the Company and an authorised representative of the Company. Following the retirement of Mr. JI Youhong, Mr. JING Shiqing, the Chief Executive Officer of the Company and an executive Director, was elected by the Board to be in charge of the work of the Board temporarily and act as the chairman of the Strategy and Investment Committee during the period commencing from 4 December 2024 and ending on the effective date of the appointment of a new Chairman of the Board. Madam YAN Bilan, an independent non-executive Director, was elected by the Board to act as the chairman of the Nomination Committee respectively during the period commencing from 4 December 2024 and ending on the effective date of the appointment of a new Chairman of the Board. With effect from 4 December 2024, Mr. JING Shiqing has been appointed as an Authorised Representative and a member of the Nomination Committee. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.012 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.012 in 3Q 2023). Revenue: CN¥5.46b (up 2.4% from 3Q 2023). Net income: CN¥142.8m (up 72% from 3Q 2023). Profit margin: 2.6% (up from 1.6% in 3Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Oct 14
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 8.2% to HK$1.97. The fair value is estimated to be HK$1.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 84%. Revenue is forecast to grow by 6.2% in 2 years. Earnings are forecast to grow by 431% in the next 2 years. Price Target Changed • Oct 08
Price target increased by 7.2% to HK$2.11 Up from HK$1.97, the current price target is an average from 15 analysts. New target price is 6.7% above last closing price of HK$1.98. Stock is up 2.1% over the past year. The company is forecast to post earnings per share of CN¥0.13 for next year compared to CN¥0.092 last year. Buy Or Sell Opportunity • Sep 26
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to HK$1.83. The fair value is estimated to be HK$1.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 84%. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to grow by 405% in the next 2 years. Upcoming Dividend • Sep 05
Upcoming dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 12 September 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Hong Kong dividend payers (8.4%). Lower than average of industry peers (6.3%). Major Estimate Revision • Aug 23
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.153 to CN¥0.118 per share. Revenue forecast steady at CN¥24.1b. Net income forecast to grow 284% next year vs 27% growth forecast for Basic Materials industry in Hong Kong. Consensus price target up from HK$1.87 to HK$1.98. Share price was steady at HK$1.63 over the past week. Declared Dividend • Aug 19
First half dividend of HK$0.02 announced Shareholders will receive a dividend of HK$0.02. Ex-date: 12th September 2024 Payment date: 25th October 2024 Dividend yield will be 1.7%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 254% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.087 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.028 (down from CN¥0.087 in 2Q 2023). Revenue: CN¥5.52b (down 13% from 2Q 2023). Net income: CN¥194.6m (down 68% from 2Q 2023). Profit margin: 3.5% (down from 9.6% in 2Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Aug 06
China Resources Building Materials Technology Holdings Limited to Report First Half, 2024 Results on Aug 16, 2024 China Resources Building Materials Technology Holdings Limited announced that they will report first half, 2024 results on Aug 16, 2024 Price Target Changed • Jul 17
Price target increased by 9.8% to HK$1.83 Up from HK$1.67, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of HK$1.88. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥0.13 for next year compared to CN¥0.092 last year. Major Estimate Revision • Jul 15
Consensus EPS estimates increase by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥0.11 to CN¥0.125. Revenue forecast steady at CN¥24.7b. Net income forecast to grow 46% next year vs 25% growth forecast for Basic Materials industry in Hong Kong. Consensus price target up from HK$1.67 to HK$1.72. Share price rose 11% to HK$1.87 over the past week. Announcement • Jul 12
China Resources Building Materials Technology Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2024 China Resources Building Materials Technology Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2024. The company announced that, based on the preliminary assessment of the Group's consolidated management accounts for the six months ended 30 June 2024 (the Period) and other information currently available, profit attributable to owners of the company for the period is expected to decrease by approximately 65% to 75% as compared with the corresponding period in 2023, primarily attributable to the lower selling prices of the group's cement products and concrete during the Period as compared with the corresponding period in 2023, resulting in decreases in consolidated gross profit and consolidated gross margin. Buy Or Sell Opportunity • Jul 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to HK$1.79. The fair value is estimated to be HK$1.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 75%. Revenue is forecast to grow by 3.2% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$1.68, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Basic Materials industry in Hong Kong. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$1.50 per share. Announcement • Jun 19
China Resources Building Materials Technology Holdings Limited(SEHK:1313) dropped from Hang Seng China Affiliated Corporations Index China Resources Cement Holdings Limited has been dropped from Hang Seng China Affiliated Corporations Index . Price Target Changed • May 29
Price target decreased by 12% to HK$1.67 Down from HK$1.89, the current price target is an average from 14 analysts. New target price is 11% above last closing price of HK$1.50. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥0.12 for next year compared to CN¥0.092 last year. Major Estimate Revision • May 14
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥0.109 to CN¥0.121. Revenue forecast steady at CN¥24.8b. Net income forecast to grow 34% next year vs 28% growth forecast for Basic Materials industry in Hong Kong. Consensus price target of HK$1.79 unchanged from last update. Share price rose 5.1% to HK$1.44 over the past week. Major Estimate Revision • May 05
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥25.4b to CN¥24.9b. EPS estimate also fell from CN¥0.126 per share to CN¥0.112 per share. Net income forecast to grow 40% next year vs 28% growth forecast for Basic Materials industry in Hong Kong. Consensus price target down from HK$1.99 to HK$1.89. Share price rose 11% to HK$1.38 over the past week. Announcement • Apr 28
China Resources Building Materials Technology Holdings Limited, Annual General Meeting, May 24, 2024 China Resources Building Materials Technology Holdings Limited, Annual General Meeting, May 24, 2024, at 15:30 China Standard Time. Location: Conference Room on 30/F, Tower A, Kingkey 100 Building, No.5016 Shennan Road East, Luohu District, Shenzhen Shenzhen Guangdong Province China Agenda: To receive and consider the audited financial statements, the report of the directors and the independent auditor's report for the year ended 31 December 2023; to declare a final dividend of HK$0.006 per share for the year ended 31 December 2023; to re-appoint KPMG as the independent auditor of the Company and to authorise the board of directors to fix their remuneration; and to consider other matters. Reported Earnings • Apr 27
First quarter 2024 earnings released: CN¥0.004 loss per share (vs CN¥0.005 loss in 1Q 2023) First quarter 2024 results: CN¥0.004 loss per share (improved from CN¥0.005 loss in 1Q 2023). Revenue: CN¥4.79b (up 3.4% from 1Q 2023). Net loss: CN¥28.9m (loss narrowed 11% from 1Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance. Announcement • Apr 27
China Resources Building Materials Technology Holdings Limited Announces Retirement of IP Shu Kwan Stephen as Independent Non-Executive Director, Chairman of the Risk and Compliance Committee, Member of the Nomination Committee, Member of the Remuneration and Appraisal Committee and Member of the Audit Committee on 24 May 2024 The board of directors of China Resources Building Materials Technology Holdings Limited announced that, Mr. IP Shu Kwan Stephen (Mr. IP) shall retire from office by rotation at the annual general meeting of the Company to be held on 24 May 2024 (the AGM) pursuant to Article 16.18 of the Company's articles of association, and he has notified the Board of his plan of retirement and will not offer himself for re-election at the AGM. Upon the conclusion of the AGM, Mr. IP will retire as an independent non-executive Director, the chairman of the risk and compliance committee of the Company, a member of the nomination committee of the Company, a member of the remuneration and appraisal committee of the Company and a member of the audit committee of the Company. The Company will make further announcement(s) in relation to the appointment of new chairman and members of relevant Board committees as and when appropriate. Mr. IP has confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the holders of securities of the Company and The Stock Exchange of Hong Kong Limited. 
