CONCH ENVIRO Issues Profit Warning, Anticipates Net Loss Attributable to Shareholders of RMB 190-270 Million for 2025

Stock News02-27

CONCH ENVIRO (00587) has announced an expected net loss attributable to the company's equity shareholders in the range of approximately RMB 190 million to RMB 270 million for the 2025 fiscal year. This contrasts with a net profit attributable to equity shareholders of approximately RMB 6.28 million recorded in 2024. The company attributes the anticipated downturn in performance to several key factors. Firstly, despite intensified market expansion efforts in 2025, the total volume of solid and hazardous waste disposal remained stable. The market continued to experience fierce competition, keeping disposal prices at a low level. Secondly, the transition of new projects to fixed assets led to an increase in depreciation and amortization expenses. Thirdly, extended payment cycles from some customers resulted in a higher provision for credit impairment losses. Finally, the operational rate of cement kilns has been on a persistent decline. Projects in regions such as Henan, Shandong, and Northeast China have been operating below capacity. The group has engaged appraisers to conduct impairment tests on certain projects. Based on preliminary assessments, an estimated asset impairment provision of between RMB 70 million and RMB 100 million is expected to be recognized for the 2025 fiscal year.

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