China's Weaving Materials H1 revenue falls on lower sales volume

China Weaving Materials Holdings

27/08/2026 13:04

Overview
China yarn maker's H1 revenue fell 9.9% yr/yr due to lower sales volume and product mix shift
Company returned to profit with RMB10.8 mln net income, versus loss a year earlier
No interim dividend declared for the period

Outlook
Company says textile industry faces high costs and complex trade environment in 2026
China Weaving Materials plans to adjust product portfolio and production arrangements in response to market trends
Company expects new vortex spinning technology to improve production efficiency and power savings

Result Drivers
LOWER SALES VOLUME - Co said sales volume fell 14.1% yr/yr due to unfavorable market conditions and product mix adjustment
PRODUCT MIX SHIFT - Co shifted focus to higher-margin grey and deep grey melange yarns, reducing polyester yarn sales
COST REDUCTIONS - Co said gross margin improved due to production adjustments and lower labour costs from new automated workshop

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 460.9 mln
 

Reuters Recommended Reads
Aug 27 - Textile maker Texhong International's H1 net profit jumps on higher yarn sales
Aug 25 - China's Shenzhou International H1 sales fall 5.3%
Aug 27 - Hong Kong's Luen Thai H1  revenue rises on strong activewear demand

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-27/df91b17f-94f3-42df-845e-d34a5459e15d.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.)