Asia Cement (China): a net loss of 99.73 million yuan in the first half of the year, turning from profit to loss

7 August, Asia Cement (China) (00743) released its unaudited interim results announcement for the six months ended 30 June 2026. During the reporting period, the revenue of the Company was RMB2.292 billion, representing a year-on-year decrease of 8%, which was mainly due to the decrease in sales volume and selling price of the Company's products; the net loss amounted to RMB99.73 million, while the profit for the same period last year was RMB117 million, which was mainly due to the decrease in selling price of products and the increase in coal cost.

In the financial review, it was mentioned that the company's cost of sales was 2.089 billion yuan, compared with 2.085 billion yuan in the same period in 2025. The increase in cost of sales was mainly due to the increase in coal costs and the cost of new overseas business sales in the current period. During the reporting period, the company's other income was 102 million yuan, down 6% from 109 million yuan in the same period last year, mainly due to the decrease in interest on bank deposits.

As of June 30, 2026, the total assets of the company amounted to 19.939 billion yuan, while the total equity was 16.818 billion yuan. Specifically, as of June 30, 2026, the company's cash and cash equivalents were 1.086 billion yuan. The company's debt ratio is 16%.