Kunming Dianchi Water Treatment's H1 revenue falls on loss of VAT exemptions

Kunming Dianchi Water Treatment

21/08/2026 14:49

Overview
China water treatment firm's interim revenue fell 13.1% yr/yr
Net profit attributable to equity holders dropped 65.7% yr/yr
Earnings per share declined 69.2% yr/yr

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

Result Drivers
VAT PREFERENCE EXPIRY – Revenue fell 13.1% to RMB582.6 mln, mainly as wastewater treatment and management services no longer benefited from VAT exemptions and preferential treatment
TAX PAYMENT SURCHARGES – Other losses rose to RMB20.6 mln from RMB0.4 mln, mainly due to RMB20.3 mln of late-payment surcharges on taxes

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 582.6 mln
 

Analyst Coverage
The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 1 three months ago

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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.)