China Wu Yi released its 2026 interim report. Affected by provisions for inventory write-downs in real estate and increased foreign exchange losses, the net loss attributable to the parent widened to 440 million yuan, an increase of 347 million yuan compared with the same period last year. During the reporting period, the company achieved operating revenue of 1.692 billion yuan, up 7.03 percent year on year. Of this, revenue from real estate development was 775 million yuan, up 96.09 percent, and revenue from international engineering contracting was 580 million yuan, up 12.06 percent. Total newly signed overseas contracts reached 1.342 billion yuan, up 50.28 percent year on year, as the business structure continued to improve. The wider loss was mainly due to an inventory write-down provision of about 215 million yuan, a 218.45 percent year-on-year increase in financial expenses to 178 million yuan, and higher credit impairment losses caused by slower-than-expected collections on certain overseas projects.
China Wuyi Co LtdNet loss widened to 440 million yuan due to inventory write-downs and higher financial expenses.
