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
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
According to the Zhitong Finance APP, TIANYE WATER (00840) announced that the group expects to incur an estimated net loss of approximately RMB 15.499 million for the six months ending June 30, 2025, and to achieve a net profit of approximately RMB 13.857 million for the period ending June 30, 2024.
The expected net loss is mainly due to the significant reduction in the number of high-standard farmland construction projects affected by changes in the market environment and government policy adjustments this year, leading to a substantial decline in the sales volume of the company's PVC pipe products, a corresponding decrease in engineering business revenue, and a significant reduction in the overall gross profit level of engineering projects and product sales, resulting in losses
