Wuhu Conch Profiles and Science Co Ltd

Conch New Material released its 2026 interim report. During the reporting period, the company's total operating revenue was 2.429 billion yuan, up 1.19% year-on-year, but net profit attributable to the parent was negative 32.3168 million yuan, a loss expansion of 3.3186 million yuan compared with the same period last year. Net cash flow from operating activities was negative 97.9618 million yuan, down 214.54% year-on-year. The company's asset-liability ratio was 44.20%, gross margin was 9.49%, ROE was negative 1.31%, and diluted earnings per share was negative 0.07 yuan. The number of shareholders was 23,600, and the top ten shareholders held 51.51% of the total share capital.

Conch New Material disclosed its earnings forecast, expecting a net loss attributable to shareholders of 30 million to 45 million yuan in the first half of 2026, compared with a loss of 28.9982 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 33 million to 48 million yuan, compared with a loss of 41.3619 million yuan in the same period last year. The company stated that in the first half of the year, overseas market revenue continued to increase, the direct-to-consumer business scale expanded rapidly, the revenue share of SCR denitrification catalysts rose, and new products such as PVC outdoor flooring formed growth points. However, due to the industry situation and market competition, sales volumes of plastic profiles and aluminum profiles declined year-on-year, and overall performance has not yet turned profitable.