Conch Environment subsidiary records RMB 15.35 million Q1-2026 net loss on RMB 307.60 million revenue

Bulletin Express04-30

China Conch Environment Protection Holdings Limited (abbrev. “Conch Environment”) disclosed the unaudited first-quarter 2026 results of its wholly-owned unit, Anhui Conch Environment Group, in compliance with on-shore bond-information rules.

The subsidiary generated operating revenue of RMB 307.60 million for the three months ended 31 March 2026 but reported a net loss of RMB 15.35 million, translating into a negative net margin of approximately 5.0%.

As at 31 March 2026, total assets reached RMB 7.96 billion, while total liabilities stood at RMB 5.17 billion, resulting in a liability-to-asset ratio of roughly 65.0%. Total equity amounted to RMB 2.79 billion, giving an equity ratio near 35.0%.

The disclosed figures were prepared under China Accounting Standards and have not been audited or reviewed by the Company’s external auditors. Management emphasized that the data relate solely to Anhui Conch Environment Group and do not represent the consolidated performance of Conch Environment.

Anhui Conch Environment Group previously accessed China’s interbank bond market, issuing its first-tranche green medium-term notes in August 2024 and April 2025. The latest financial release fulfills ongoing disclosure obligations linked to those instruments.

Shareholders and prospective investors are advised to exercise caution when dealing in Conch Environment securities, given that the above information is preliminary and unaudited.

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