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Jinyu Group (02009) announced interim results, net loss attributable to mother of approximately RMB 2,172 billion, a year-on-year increase of 45.22%
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According to the Zhitong Finance App, Jinyu Group (02009) announced its 2026 interim results, with operating income of about 35.916 billion yuan, a year-on-year decrease of 21.18%; net loss attributable to shareholders of listed companies was about 2.112 billion yuan, an increase of 45.22% over the previous year; and a basic loss of 0.25 yuan per share.

Among them, the new green building materials sector achieved main business revenue of 33.06 billion yuan in the first half of 2026, a year-on-year decrease of 18.4%; realized profit of 1.55 billion yuan, a year-on-year decrease of 163.0%.

The cement business deepened lean operation and launched the “Strong Foundation Digging to Lower Costs, Lean Operation and Efficiency Improvement” campaign. Cement production costs were reduced by 17 yuan/ton, down 8.5% year on year; integrated operation advantages and industrial chain synergy were continuously released; unified market construction, optimized marketing channels, increased promotion of new material products, and steadily improved capacity utilization and market control in core regions. Sales volume of cement and clinker was 38.89 million tons (excluding joint ventures), down 6.7% year on year; of which cement sales volume was 31.93 million tons; the comprehensive gross profit margin of cement and clinker was 12.39%, down 8.32 percentage points year on year; sales volume of concrete was 6.43 million cubic meters, down 11.6% year on year, and the gross profit margin of concrete was 7.43%.

The integrated marketing system and mechanism for the new materials business continued to be improved, and the three major regional marketing centers of Beijing-Tianjin-Hebei, Northwest China and East China collaborated; continued to deepen overseas layout, and overseas business grew year-on-year; actively carried out special actions to improve quality and efficiency to achieve main business revenue of 6.2 billion yuan, a year-on-year decrease of 7.2%, and a gross profit margin of 14.1%, a year-on-year decrease of 0.7 percentage points.

The real estate development and operation sector achieved main business revenue of 2.94 billion yuan in the first half of 2026, a year-on-year decrease of 43.7%; realized profit of 1.12 billion yuan, an increase of 370 million yuan in losses over the previous year.

The real estate development business focuses on “promotional sales, seize cash, and compete for profit”. The “one city, one policy” accelerates sales of projects such as Beijing's Huaxi Yunjin, Yu Hai, and Shanghai Park East Line. Beijing Huaxi Yunjin opened for 13 months, and residences were basically liquidated. The reporting period achieved sales area of 224,000 square meters, a year-on-year decrease of 31.7%; the cumulative contract amount was 6.67 billion yuan, a year-on-year decrease of 2.2%; realized cash payments of 7.92 billion yuan, an increase of 21.9%; achieved a carry-over area of 115,000 square meters, a year-on-year decrease of 56.4%; and achieved business revenue of 1.41 billion yuan, a year-on-year decrease of 61.5%. As of June 30, 2026, the company's equity level land reserve area was 5.234 million square meters.


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