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China Traditional Chinese Medicine
China Traditional Chinese Medicine (570) investor relations material
China Traditional Chinese Medicine H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary28 Aug, 2026
Executive summary
Revenue for H1 2026 was RMB5,438.5 million, down 27.1% year-over-year, mainly due to policy-driven declines and weaker demand in concentrated TCM granules.
Gross profit fell 29.0% to RMB2,580.8 million, with gross margin decreasing by 1.2 percentage points to 47.5%.
Net loss widened to RMB834.7 million from RMB141.8 million in H1 2025, driven by lower sales, goodwill impairment, and increased asset impairments; net profit margin at -15.3%.
Basic and diluted loss per share was RMB-15.42 cents, compared to RMB-2.14 cents in the prior year period.
Financial highlights
Revenue by segment: Concentrated TCM granules RMB1,932.9m (-35.4%), TCM finished drugs RMB1,663.0m (-28.0%), TCM decoction pieces RMB1,559.6m (-2.3%), Chinese medicinal herbs/integration RMB189.6m (-57.5%), TCM great health RMB93.4m (-23.5%).
Gross profit margin: 47.5% (down 1.2pp); net profit margin: -15.3% (down 13.4pp).
Goodwill impairment of RMB645.2m recognized, mainly in the concentrated TCM granules business.
Selling and distribution expenses decreased 26.1% to RMB1,890.1m; administrative expenses rose 10.3% to RMB552.1m.
R&D expenses dropped 26.8% to RMB187.5m; finance costs decreased to RMB33.9m.
Outlook and guidance
The company plans to deepen reform, focus on quality improvement, and drive innovation-led growth in H2 2026.
Strategic priorities include expanding market share in TCM decoction pieces, adapting to policy reforms in granules, and strengthening academic promotion for finished drugs.
Emphasis on digital transformation, operational efficiency, and compliance to support long-term stability.
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Latest events from China Traditional Chinese Medicine
- Revenue declined 10.7% and net loss reached RMB458.1 million amid restructuring and impairments.570
H2 2025 - Revenue fell 11% and a net loss of RMB141.8 million was recorded amid market headwinds.570H1 2025
- Revenue and profit dropped sharply, but TCM finished drugs and decoction pieces grew.570H1 2024
- Net profit dropped 98.5% on lower revenue and asset impairments, despite resilient core segments.570H2 2024
Next China Traditional Chinese Medicine earnings date
H2 202623 Mar, 2027
China Traditional Chinese Medicine
Next China Traditional Chinese Medicine earnings date
H2 202623 Mar, 2027
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