Boqi Environmental Protection (02377) announced interim results. Profit attributable to shareholders of 104 million yuan decreased by 26.89% year-on-year

According to the Zhitong Finance App, Boqi Environmental Protection (02377) announced the results for the first half of 2026, with revenue of RMB 955 million, a decrease of 9.73% over the previous year. Gross profit was 232 million yuan, a year-on-year decrease of 4.58%. Profit attributable to company owners was 104 million yuan, a year-on-year decrease of 26.89%; profit per share was 0.12 yuan.

According to the announcement, the decrease in revenue was mainly due to (i) a decline in revenue from the flue gas EPC business; (ii) a decrease in power generation for some investment and operation projects; and (iii) a decrease in solid waste disposal, leading to a decline in revenue.