Wannianqing disclosed its earnings forecast, expecting a net loss attributable to shareholders of 40 million to 55 million yuan in the first half of 2026, compared with a profit of 40.7708 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 50 million to 65 million yuan, compared with a profit of 769,100 yuan a year earlier. The company stated that due to insufficient investment in real estate and infrastructure, the supply-demand contradiction for cement in the region has intensified, with both cement sales volume and prices declining year-on-year. Cost reductions were insufficient to offset the price drop, leading to the loss. The larger decline in net profit after deducting non-recurring items was also due to the recognition of asset disposal gains of 45.29 million yuan in the same period last year.
Jiangxi Wannianqing Cement Co LtdCompany expects net loss due to insufficient real estate and infrastructure investment, leading to lower cement sales volume and prices.