CICC released a research report stating that it maintains the "outperforms the industry" rating of China Resources Building Materials Technology (01313), and has a net profit of 60 per cent in 2024/25E.xayacrypto.76 billion yuan/8xayacrypto.04 million yuan remains unchanged, with a target price of HK$1.93. Company announces 1Q24 resultsxayacrypto: Revenue was 4.79 billion yuan, year-on-year-5.6%xayacrypto; Net profit attributable to the parent company was-28.9 million yuan, while 1Q23 was-30.0 million yuan for the same period. The company's 1Q24 performance basically met the bank's expectations.

The report stated that the company's regional leading position has been consolidated and the aggregate business has entered a period of rapid growth. The company proposed a market strategy of "grabbing shares, keeping the bottom line, optimizing the structure, and improving its position", focusing on reducing costs across the value chain and improving core competitiveness. The bank expects that the company is expected to consolidate its leading position in South China in 2024. At the same time, with the investment of production capacity and the completion of supporting infrastructure construction, the company's aggregate business has entered a period of rapid growth, and the bank believes that its performance contribution is expected to increase; and with the further release of the production capacity of the base facing Guangdong with higher average prices, the company's aggregate sales structure is expected to be optimized. The bank expects that the company's average aggregate price and gross profit per ton in 2024 are expected to rebound.