C&D Xinsheng (00731) announced interim results. Net loss of HK$32.855 million narrowed 20.18% year over year

According to the Zhitong Finance App, C&D Xinsheng (00731) announced interim results for the six months ended June 30, 2026. The group achieved revenue of HK$850 million, an increase of 32.81% year on year; net loss of HK$32.855 million, a year-on-year narrowing of 20.18%; and a basic loss of HK2.3 cents per share.

According to the announcement, the reduction in losses during the period was mainly due to (i) the increase in revenue during the period due to the increase in sales volume and unit price of paper products; (ii) with the implementation of technological transformation projects in previous years, overall production efficiency increased during the current period, thereby reducing the energy cost per ton of paper products; and (iii) the increase in value-added tax revenue confirmed by the Group during the current period in accordance with the national tax policy of imposing and withdrawing resources.