TIANYE WATER issued a profit warning, expecting a mid-term estimated net loss of approximately 15.499 million yuan, a year-on-year loss compared to profit
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TIANYE WATER issued a profit warning, expecting to record a net loss of approximately RMB 15.499 million for the six months ending June 30, 2025, compared to a net profit of RMB 13.857 million for the same period last year. The loss is mainly due to changes in the market environment and adjustments in government policies, resulting in a decrease in the number of high-standard farmland construction projects, a significant decline in PVC pipe sales, reduced revenue from engineering business, and an overall decrease in gross profit levels
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