Poly Union has issued a profit warning, forecasting a net loss attributable to shareholders of 116 million to 172 million yuan for the first half of 2026, compared with a loss of 57.09 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 134 million to 200 million yuan, versus a loss of 69.47 million yuan a year earlier. The company attributed the change mainly to intense market competition, a decline in sales of civil explosive products in some regions, and falling prices for blasting and engineering construction services. Poly Union is engaged in the integrated business of research, development, production and sales of civil explosive equipment, as well as blasting and engineering construction services.
Poly Union Chemical Holding Group Co LtdIntense market competition and declining sales and prices for civil explosives and blasting services drive wider loss.