Zhejiang Jinsheng New Materials Co

Jinsheng New Materials released its 2026 interim report on August 28. The company's first-half net loss widened to 12.09 million yuan, compared with a loss of 8.8 million yuan in the same period last year. During the reporting period, revenue was 157 million yuan, up 4.2 percent year on year, with export sales up 31.57 percent but domestic sales down 6.82 percent. The company said that despite export growth, gross margin did not improve significantly, some new customers carried lower margins, and higher accounts receivable, increased credit impairment provisions, changes in financing scale, and exchange-rate fluctuations pushed up financial expenses, while reduced government subsidies also weighed on other income. In the second quarter, revenue was 85.5 million yuan, up 11.7 percent year on year, and net loss attributable to shareholders was 5.85 million yuan, compared with a loss of 4.96 million yuan a year earlier. As of the end of the second quarter, total assets were 725 million yuan, up 5.0 percent from the end of the previous year, while net assets attributable to shareholders were 533 million yuan, down 2.2 percent.