Yunnan Construction Investment Concrete (01847) issued a profit warning. The net loss for the first half of the year is expected to increase by about 49.6 million yuan year-on-year

According to Zhitong Finance App, Yunnan Construction Investment Concrete (01847) announced that the Group's net loss for the six months ending June 30, 2026 is expected to be approximately RMB 49.6 million, while the net loss for the six months ended June 30, 2025 is approximately RMB 20.7 million. The main reason for the expected loss is that in the first half of 2026, although the Group's total revenue increased to approximately RMB 655.5 million (up about 17.7% from the first half of 2025), due to the large accounts receivable base, the Group accrued credit impairment losses of approximately RMB 83.3 million in accounts receivable, an increase of approximately RMB 60.6 million compared to the first half of 2025.