Yaxing Chem

Yaxing Chemical released its 2026 interim report. During the reporting period, the company's total operating revenue was 417 million yuan, and net profit attributable to the parent company was a loss of 65.3233 million yuan, a reduction in loss of 31.2107 million yuan compared with the same period last year. Net cash flow from operating activities was a negative 44.1762 million yuan, the asset-liability ratio was 88.91%, and the gross margin was 6.00%, an improvement from both the previous quarter and the same period last year. Diluted earnings per share were a negative 0.17 yuan, an increase of 0.08 yuan compared with the same period last year. The number of shareholders was 15,600, and the top ten shareholders held 51.92% of the total share capital.

Yaxing Chemical disclosed an earnings forecast, expecting a net loss attributable to the parent of 62.32 million to 71.32 million yuan in the first half of 2026, compared with a loss of 96.534 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 65.26 million to 74.26 million yuan, compared with a loss of 95.9395 million yuan a year earlier. The company said that in the first half of the year, overall product gross margins were under pressure due to a weak macro environment and intensified industry competition. However, product selling prices recovered in the second quarter, improving profitability and driving a year-on-year increase in net profit attributable to the parent after deducting non-recurring items, with the half-year loss narrowing compared with the same period last year. In addition, the company is simultaneously advancing production operations at existing facilities and trial production for new projects, leading to high capital investment needs and a large financing scale. This has kept financial expenses elevated during the period, partially offsetting the profit improvement.