Poly Union Chemical Holding Group Co Ltd

Poly Union released its 2026 interim report, with total operating revenue of 2.816 billion yuan, down 12.68 percent year on year, and net profit attributable to the parent company of negative 145 million yuan, a decrease of 88.3641 million yuan compared with the same period last year, widening the loss. Net cash flow from operating activities was negative 34.9489 million yuan, but increased by 58.1715 million yuan compared with the same period last year, achieving growth for two consecutive years. The company's asset-liability ratio rose to 88.90 percent, gross margin was 15.45 percent, return on equity was negative 14.91 percent, and diluted earnings per share was negative 0.30 yuan. The number of shareholders was 31,000, and the top ten shareholders held 51.88 percent of the total share capital.

Poly Union has issued a profit warning, forecasting a net loss attributable to shareholders of 116 million to 172 million yuan for the first half of 2026, compared with a loss of 57.09 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 134 million to 200 million yuan, versus a loss of 69.47 million yuan a year earlier. The company attributed the change mainly to intense market competition, a decline in sales of civil explosive products in some regions, and falling prices for blasting and engineering construction services. Poly Union is engaged in the integrated business of research, development, production and sales of civil explosive equipment, as well as blasting and engineering construction services.