Kangxin New Materials disclosed its 2026 semi-annual report on August 26. In the first half, total operating revenue reached 198 million yuan, up 6.56% year on year, but net profit attributable to the parent company was a loss of 136 million yuan, slightly wider than the loss of 134 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 137 million yuan, and net cash flow from operating activities was negative 80.72 million yuan, a marked deterioration from negative 21.92 million yuan a year earlier. The company mainly engages in container flooring, new wood-based composite materials, and prefabricated timber structural building components. As of the end of the first half, the company's inventory book value was 4.17 billion yuan, accounting for 119.94% of net assets, with an inventory write-down provision ratio of 4.26%.
Kangxin New Materials Co LtdNet loss widened and operating cash flow deteriorated sharply in H1 2026.
