Building materials maker China Lesso's H1 revenue, profit fall on weak domestic demand

China Lesso group

28/08/2026 11:47

Overview
China building materials maker's half-year revenue declined 4.5% yr/yr
Net profit attributable to owners fell 25.6% for the period
Company did not declare an interim dividend for the period

Outlook
Company did not provide specific guidance or outlook for future periods

Result Drivers
DOMESTIC PIPING WEAKNESS – Weak domestic demand and competition cut plastic-piping revenue 5.3%, as sales volume fell 3.2% and average selling prices declined 2.2%
OVERSEAS SALES GROWTH – Overseas revenue rose 36.2% to RMB1.44 bln, lifting its share of Group revenue to 12.1% from 8.5%

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 11.91 bln
 
H1 Net Income Attributable
 
RMB 726.6 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for China Lesso Group Holdings Ltd is HK$5.90, about 48.1% above its August 28 closing price of HK$3.99
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
Aug 27 - China National Building Material swings to H1 loss; hurt by lower cement prices, weak demand
Aug 26 - China's YCIH Green Concrete interim loss widens on higher credit impairment losses
Aug 27 - Hong Kong's China Pipe interim revenue rises on public housing project demand

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(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.)