USAS Building System FY26 H1 profit drops 84.2% to RMB 9.9 million; revenue falls 68.3% to RMB 451.7 million

• USAS Building System posted revenue of RMB 451.7 million, down 68.3% year over year.
• Profit fell 84.2% to RMB 9.9 million, while gross margin widened 3.4 percentage points to 13.6%.
• Earnings per share attributable to owners dropped to RMB 0.01; the board declared no interim dividend.
• PS building subcontracting revenue slid to RMB 317 million, due to lower major-customer orders and later project starts delaying recognition.
• Gearing ratio climbed to 97.5% from 62% at end-2025, driven by higher borrowings and RMB 44 million dividends paid.

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. USAS Building System (Shanghai) Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260821-12294474), on August 21, 2026, and is solely responsible for the information contained therein.