Qingsong Jianhua's first-half net profit rose 13.19% against the trend; company says no plans to expand or adjust capacity for now

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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.

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Off-coverage companies 2

Hotan Qingsong Cementi
Private± MixedSupplyrelevance

Mentioned only as the company's Hotan unit with 3,000 t/day capacity amid regional cement oversupply; no specific impact stated.

Xinjiang Zhongxin Jianneng Miningi
Private± Mixedrelevance