CHINA LESSO Shares Drop Over 4% Following 25.08% Decline in Annual Profit

Stock News04-02

CHINA LESSO (02128) fell more than 4% in Hong Kong trading. At the time of writing, the stock was down 2.79% to HK$4.87, with a turnover of HK$135.99 million. The decline follows the recent release of the group's annual results for the period ended December 31, 2025. The company reported revenue of RMB 243.15 billion, a decrease of 10.03% year-on-year. Profit attributable to owners of the company was RMB 12.62 billion, down 25.08% compared to the previous year, with earnings per share of RMB 0.41.

Facing a complex market environment, the group maintained its focus on its core business of plastic piping systems and implemented a steady development strategy, resulting in stable performance from its core operations. In the municipal sector, the company is deeply involved in key projects across China, including urban renewal, pipeline network upgrades, and wastewater treatment. In the agricultural sector, the company has expanded its presence in major agricultural provinces within China, further increasing its market share for specialized agricultural piping. It has also successfully expanded into overseas agricultural markets, including Africa and Southeast Asia.

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