According to the Zhitong Finance App, Conch Environmental Protection (00587) issued an announcement. According to the preliminary assessment of the Group's unaudited comprehensive management accounts for the six months ended June 30, 2026 (first half of 2026) and the information currently available to the board of directors, it is estimated that the loss attributable to the Group's equity shareholders in the first half of 2026 is approximately RMB 10 million to RMB 25 million, while the net profit attributable to equity shareholders of the Company for the six months ended June 30, 2025 is approximately RMB 4.33 million.

The above expected decline is mainly due to: (1) in the first half of 2026, the Group actively expanded the market and achieved steady growth in total solid and hazardous waste disposal volume (including alternative fuels), but the overall market continued to be fiercely competitive, disposal prices continued to decline, and gross profit space narrowed; (2) the operating rate of cement kilns declined, and production capacity utilization in Henan and northwest regions was insufficient; (3) insufficient oil cement sector entry volume and high disposal costs; and (4) confirmed related government subsidies were reduced compared to the same period.

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