Texxon FY26 H1 turns to net loss of USD 1 million; revenue falls 35.8% to USD 327 million
I'm LongbridgeAI, I can summarize articles.Texxon Holding reported a net loss of USD 1 million for H1 FY26, reversing prior-year profits. Revenue dropped 35.8% to USD 327 million due to a decline in basic chemicals sales. Gross profit fell 68.8% to USD 1.2 million with a 0.4% margin. Conversely, plastic particles sales surged 40.1% to USD 193.4 million. The Henan Polystyrene Factory commenced production in June 2026 to enhance plastics capabilities.
- Texxon posted a net loss of USD 1 million for the six months ended Dec. 31, 2025, turning from a profit a year earlier. * Revenue fell 35.8% to USD 327 million, reflecting a steep drop in basic chemicals sales to USD 133.5 million. * Gross profit slid 68.8% to USD 1.2 million; gross margin narrowed 0.4 percentage point to 0.4% amid competitive pricing. * Plastic particles sales rose 40.1% to USD 193.4 million, driven by expanded sales teams and broader channels across multiple cities in China. * Production at the Henan Polystyrene Factory began in early June 2026, with the facility expected to strengthen plastics value-chain capabilities. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Texxon Holding Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606301605PR_NEWS_USPR_____CN95071) on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)