China National Building Material Company Limited provided unaudited earnings guidance for the twelve months ended 31 December 2022. For the year, it is expected that the unaudited profit attributable to equity holders of the Group will decrease by approximately 50% as compared with that of the same period in 2021. The above expected decrease is mainly attributable to the decrease in sales volume of cement, commercial concrete, gypsum board and glass fibre (being the major products of the Group), the decrease in sales price of cement and commercial concrete, the increase in cement's unit cost of sales as a result of the rising coal prices, and the substantial decrease in fair value of the financial assets recognised at fair value in the profit and loss account of the Group, although part of which has been offset by the increase in gain on disposal of assets.