Guotong Union disclosed its 2026 half-year performance forecast, estimating revenue of 150 million to 200 million yuan and a net loss attributable to shareholders of the listed company of 70 million to 85 million yuan. The company's main business is high-end concrete products such as prestressed steel cylinder concrete pipes. Affected by intense market competition and uneven bidding schedules for large-scale water conservancy projects across regions, new orders fell short of expectations in stages. The company stated it will firmly focus on its core business of PCCP water pipelines, proactively connect with major national water network and urban underground pipeline projects, increase business follow-up efforts in key regions, and leverage the synergy advantages of its controlling shareholder China Logistics to promote integrated supply chain logistics, taking multiple measures to improve order performance.
XinJiang GuoTong Pipeline Co LtdIntense market competition and uneven bidding schedules led to lower-than-expected new orders and a forecasted net loss of 70-85 million yuan.