Ruichang International Holdings (01334) issued a profit warning. The net loss for the medium term is expected to narrow year-on-year by about 24.75 million yuan

According to the Zhitong Finance App, Ruichang International Holdings (01334) announced that the Group is expected to achieve a net loss of about RMB 24.75 million for the six months ending June 30, 2026, a decrease of about 35% compared with the net loss of RMB 38.06 million for the six months ended June 30, 2025 (same period last year).

The narrowing of the Group's net loss during the period was mainly due to increased earnings driven by business development and a strong backlog of orders. Despite the increase in earnings, the Group recorded a net loss during the period. The main reasons were: a number of newly acquired contracts are still in the performance cycle, and most of the revenue has not yet been confirmed and corresponding profits have not been realized; the Group's industry is characterized by revenue mainly confirmed in the second half of the fiscal year, which led to losses during the period; and additional costs of expanding overseas markets and developing new business lines (including phosphorus recovery business).