Xinjiang Qingsong Building Materials and Chemicals Group Co Ltd

Qingsong Jianhua recently held a performance briefing, disclosing that in the first half of 2026 it achieved total operating revenue of 1.574 billion yuan, down 11.05% year on year, net profit attributable to the parent of 124 million yuan, up 13.19% year on year, and non-GAAP net profit of 120 million yuan, up 18.68% year on year. Net cash flow from operating activities was 388 million yuan, up 145.33% year on year. The company is mainly engaged in the production and sale of cement, building materials and chemical products. During the reporting period, the cement industry as a whole ran through its toughest phase in seventeen years, with national cement output at its lowest level for the same period in seventeen years. Sales volume and selling prices of the company's leading cement products both declined year on year, but thanks to lower raw coal purchase prices and adjustments to product mix and sales strategy, the profitability of the cement segment was better than the average level of the industry in Xinjiang. Alar Qingsong Chemical achieved a structural reduction in losses, urea sales volume increased year on year, and the loss margin of the chemical segment narrowed substantially. At the performance briefing, the company said that in the first three quarters, cement sales prices and volumes in the Xinjiang region both declined by varying degrees year on year, and the current capacity of Hotan Qingsong Company is 3,000 tonnes per day. In response to investor attention on the 3.47 trillion yuan of key projects in southern Xinjiang entering a concentrated construction phase in 2026, the company said that cement capacity in the Xinjiang region is in surplus and supply exceeds demand, and if capacity is fully released it can fully meet the concentrated demand from the projects. At present, there are no plans to expand or adjust capacity. Regarding the polyoxymethylene assets involved in the controlling shareholder China Xinjian Energy and Mining's consolidation of the Xinjiang Production and Construction Corps' mineral and chemical resources, the company said its chemical segment products are mainly urea, caustic soda, hydrochloric acid and PVC, which have different uses and non-overlapping markets from polyoxymethylene, so there is no business overlap.

In the first half of 2026, domestic cement industry performance generally declined, and overseas business became a breakout lever for a few companies. Tapai Group, which has disclosed its half-year report, posted operating revenue of 1.742 billion yuan, down 15.3 percent year on year, and net profit attributable to the parent of 219 million yuan, down 49.6 percent year on year. Qingsong Jianhua posted operating revenue of 1.574 billion yuan, down 11.05 percent year on year, and net profit attributable to the parent of 124 million yuan, up 13.19 percent year on year. Huaxin Cement expects first-half net profit attributable to the parent of 1.65 billion to 1.76 billion yuan, up 50 to 60 percent year on year, mainly benefiting from high prosperity in overseas markets such as Africa and Central Asia. Analysts pointed out that the current price increases are mainly forced by high coal prices and large-scale industry losses, demand has not yet substantially recovered, room for cement price rebounds in the second half of the year is limited, and the foundation for industry profit recovery is fragile.

Qingsong Jianhua released its 2026 interim report, with net profit attributable to the parent company of 124 million yuan, an increase of 14.4819 million yuan compared with the same period last year, up 13.19% year on year. Total operating revenue was 1.574 billion yuan, and net cash inflow from operating activities was 388 million yuan, up 145.33% year on year, achieving growth for two consecutive years. The latest asset-liability ratio was 27.56%, down 2.36 percentage points from the same period last year; gross margin was 22.08%, up 2.23 percentage points year on year; diluted earnings per share was 0.08 yuan, up 13.24% year on year.

Qingsong Jianhua disclosed its 2026 semi-annual report, with net profit attributable to the parent company of 124 million yuan in the first half, up 13.19% year on year. Total operating revenue for the same period was 1.574 billion yuan, down 11.05% year on year. Net profit excluding non-recurring items was 120 million yuan, up 18.68% year on year. Net cash flow from operating activities was 388 million yuan, up 145.33% year on year. Basic earnings per share were 0.077 yuan, and the weighted average return on equity was 1.92%.