Huaxin Building Materials' net profit in the first quarter of this year increased by 126% year-on-year to 213 million

Huaxin Building Materials (06655.HK) announced that for the first quarter from the beginning of this year to March 31, it is expected to achieve a net profit attributable to the owners of the parent company of RMB 520 million to RMB 720 million, an increase of RMB 290 million to RMB 490 million compared to the same period last year, representing a year-on-year increase of 126% to 213%.

It is expected that the net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, will be RMB 520 million to RMB 720 million for the first quarter of this year, an increase of RMB 280 million to RMB 480 million compared to the same period last year, representing a year-on-year increase of 117% to 200%.

The group stated that during the period, the company's performance achieved significant growth, mainly due to the steady release of new overseas production capacity, which provided strong support for sales growth and drove overall operational results to continue improving