Kingenta released its 2026 interim report, with operating revenue of 5.953 billion yuan for the period, up 24.05% year on year, but net profit attributable to the parent company was negative 497 million yuan, with the loss widening 534.47% year on year. Net profit after deducting non-recurring items was negative 96 million yuan, with the loss widening 64.67%. Phosphate fertilizer business revenue was 1.918 billion yuan, up 61.66% year on year, becoming the core engine of revenue growth, but overall gross margin was only 11.14%, down slightly by 0.67 percentage points year on year. The main reason for the loss was a subsidiary's provision of approximately 413 million yuan in phosphogypsum disposal costs, causing administrative expenses to surge 208.83% to 652 million yuan. Net cash flow from operating activities was 145 million yuan, down 58.40% year on year, putting pressure on the capital chain. The company faces risks including raw material price fluctuations, phosphogypsum disposal cost pressure, and intensifying industry competition.
Kingenta Ecological Engineering Group Co LtdNet loss widened 534.47% due to 413 million yuan phosphogypsum disposal provision, and operating cash flow fell 58.40%.
