Yunnan Water Investment Company (6839) H1 2026 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2026 was RMB1,061.6 million, down 8.29% year-over-year.

• Net loss for the period was RMB760.9 million, an improvement from RMB1,047.5 million loss in the prior year.

• Loss attributable to ordinary shareholders was RMB655.9 million; basic loss per share was RMB0.637.

• No interim dividend was declared for the period.

Financial highlights

• Gross profit dropped 64.55% year-over-year to RMB52.7 million.

• Gross profit margin fell to 5.0% from 12.8% in the prior year.

• Administrative expenses decreased 72.6% to RMB124.5 million due to lower impairment provisions.

• Net finance costs decreased 8.4% to RMB439.6 million, with average borrowing rate at 3.76%.

• Cash and cash equivalents stood at RMB717.2 million, down 11.1% from year-end 2025.

Outlook and guidance

• Focus on lean operational control, cost reduction, and efficiency improvement.

• Plans to broaden cash inflow channels and optimize business structure.

• Continued asset revitalization and disposal of non-performing assets.