China National Building Material Company Limited provided earnings guidance for the twelve months ended December 31, 2023. For the period, the company expected that the unaudited profit attributable to equity holders of the Group for the twelve months ended 31 December 2023 will decrease by approximately 65% when compared with the corresponding period in 2022. The above expected decrease is mainly attributable to the decrease in sales prices of cement, commercial concrete and glass fibre (being the major products of the Group), the decrease in sales volumes of cement and commercial concrete, the decline in performance attributed by the associates and the reduction in gains on disposal of assets, although part of which has been offset by the decrease in cost of sales of cement and commercial concrete and the decrease in the Group's net loss from change in fair value of financial assets at fair value through profit or loss.