Conch New Material released its 2026 interim report on August 27. During the reporting period, the company achieved operating revenue of 2.429 billion yuan, up 1.19 percent year on year, but net profit attributable to shareholders was a loss of 32 million yuan, with the loss widening 11.44 percent year on year, showing a pattern of rising revenue without rising profit. Operating cash flow also shifted from a net inflow to a net outflow of 98 million yuan. Among the company's three major business segments, green building materials revenue was 1.89 billion yuan, accounting for 77.81 percent, down 4.64 percent year on year. Eco-friendly materials revenue was 426 million yuan, accounting for 17.52 percent, surging 79.37 percent year on year and becoming a new growth engine. The change in performance was mainly affected by the real estate downturn, raw material price fluctuations, a 170.67 percent surge in financial expenses, and an increase in credit impairment losses. However, the non-recurring net profit loss narrowed by 12.67 percent, showing that structural optimization of the main business is taking effect. Looking ahead, the company faces challenges such as insufficient real estate demand, but the eco-friendly materials business is expected to benefit from ultra-low emission retrofit policies.
Wuhu Conch Profiles and Science Co LtdNet profit loss widened 11.44% YoY and operating cash flow turned negative, despite revenue growth.
