China's YCIH Green Concrete interim loss widens on higher credit impairment losses

YCIH Green High-Performance Concrete

26/08/2026 10:55

Overview
China building materials supplier's operating income rose 17.7% on higher ready-mixed concrete sales
Net loss attributable to owners widened 138% to RMB42.4 mln, driven by higher credit impairment losses
Gross margin fell to 10.4% as operating costs outpaced revenue growth

Outlook
Company says weak market demand for concrete expected to persist due to low investment
YCIH Green expects to use its remaining RMB25.21 mln IPO proceeds by end-2027

Result Drivers
CONCRETE SALES VOLUME - Co said growth was mainly driven by higher sales volume of ready-mixed concrete, partly offset by lower average prices
CREDIT IMPAIRMENT LOSSES - Co said wider net loss was mainly due to an increase of RMB60.6 mln in credit impairment losses
PHOSPHOGYPSUM INVESTMENT - Co said gross margin for solid waste and new materials business declined sharply due to continued investment in phosphogypsum business, which remains in early stage

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Loss Attributable
 
RMB 42.40 mln
 

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-26/fe1ea210-965c-4443-8d66-e40580e94591.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.)