Ruitai Materials Technology Co Ltd

Ruitai Technology released its 2026 interim report. Total operating revenue was 1.819 billion yuan, down 7.34% year-on-year. Net profit attributable to the parent company was a loss of 20.9143 million yuan, swinging from profit to loss year-on-year, a decline of 192.54%. Net cash flow from operating activities was negative 177 million yuan, down 323.55% year-on-year. The asset-liability ratio rose to 73.62%, gross margin fell to 11.45%, return on equity was negative 3.45%, and diluted earnings per share was negative 0.09 yuan. The company had 16,000 shareholders, with the top ten shareholders holding 45.08% of total share capital.

Ruitai Technology disclosed its 2026 semi-annual report on August 26. In the first half of the year, it achieved total operating revenue of 1.819 billion yuan, down 7.34 percent year on year. Net profit attributable to the parent company was a loss of 20.91 million yuan, compared with a profit of 22.6 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 27.99 million yuan, compared with a profit of 18.45 million yuan a year earlier. Net cash flow from operating activities was negative 177 million yuan, compared with 79.1 million yuan in the same period last year. During the reporting period, the company's basic earnings per share was negative 0.089 yuan, and the weighted average return on net assets was negative 3.39 percent. The company operates in the refractory materials manufacturing industry, engaged in the research and development, production, sales and comprehensive services of shaped and unshaped refractory materials and wear-resistant materials.

Ruitai Technology disclosed its earnings forecast, expecting a net loss attributable to the parent company of 16 million to 22 million yuan in the first half of 2026, compared with a profit of 22.5996 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 23 million to 29 million yuan, compared with a profit of 18.4539 million yuan in the same period last year. The company stated that downstream industry demand remains persistently weak, market competition has intensified, product selling prices are under pressure and declining, while capacity utilization has fallen, cost-side pressures have become prominent, and the overall gross margin has declined year-on-year, leading to a narrowing of the main business profit margin.