China Boqi Environmental H1 revenue falls on weakness in flue gas, water treatment businesses

China Boqi Environmental (Holding)

21/08/2026 09:41

Overview
China environmental solutions provider's interim revenue dropped 9.7% yr/yr to RMB955 mln
Net profit for the interim period fell 26.9% yr/yr to RMB106 mln
Gross profit margin improved to 24.3% despite lower revenue and net profit

Outlook
 The Group will establish a technology innovation center and industry-academia-research platforms to commercialize R&D

Result Drivers
FLUE GAS AND WATER TREATMENT WEAKNESS - Revenue and segment profit from flue gas treatment and water treatment businesses declined significantly in the period
IMPAIRMENT LOSSES - Increased impairment losses on financial and contract assets weighed on net profit
CUSTOMER BANKRUPTCIES - Credit losses recognized due to bankruptcy reorganization and liquidation of two major customers

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 955.4 mln
 
H1 Net Income Attributable
 
RMB 104.3 mln
 

Analyst Coverage
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 3 three months ago

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-21/ca3535b5-8f73-429f-bcae-169bb80b04e2.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)