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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Anchun International Holdings
Anchun International Holdings (BTX) investor relations material
Anchun International Holdings H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary13 Aug, 2026
Executive summary
H1 2026 revenue fell 44% YoY to RMB40.3m; gross profit declined 43% to RMB9.5m, with gross margin stable at 24%. Net loss attributable to owners was RMB2.6m vs net profit of RMB4.7m in H1 2025.
Lower revenue across all three segments reflected cautious customer commitments amid global political instability and market uncertainty.
Financial highlights
Revenue was RMB40.263m vs RMB71.595m YoY; cost of sales was RMB30.728m vs RMB54.793m, and gross profit was RMB9.535m vs RMB16.802m.
Finance and other income decreased 15% to RMB2.731m; marketing and distribution expenses rose 24% to RMB3.811m, while administrative expenses were nearly unchanged at RMB9.377m.
Research expenses increased 11% to RMB2.403m, mainly for CSC waste-heat boiler tube-bundle improvement works.
Outlook and guidance
Unsatisfied or partially unsatisfied performance obligations totaled RMB144.836m at 30 June 2026; RMB62.976m is expected to be recognised as revenue in FY2026 and RMB81.860m in FY2027.
Order book was RMB144.8m at 30 June 2026, including RMB136.8m from non-fertiliser sectors; the strategy remains focused on diversification, cost discipline and R&D.
Green ammonia, green methanol and green hydrogen demand is gaining momentum; engineering, equipment, catalyst and technology capabilities are positioned to support growth.
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Latest events from Anchun International Holdings
- Revenue and profit declined, but Catalyst growth lifted the order book to RMB175.1m.BTX
H2 2023 - Revenue declined 9%, while non-fertiliser markets reached 97.7% of sales.BTXH1 2023
- CSC-led growth lifted FY2024 revenue 32.7% and profit to RMB10.9m.BTXH2 2024
- Profit rebounded as gross margins improved, but cash outflows and a catalyst-site review remain risks.BTXH1 2025
- Lower revenue and margins drove a 1H24 loss despite positive operating cash flow.BTXH1 2024
- Profit rose despite lower revenue as margins improved and green-project opportunities expanded.BTXH2 2025
Next Anchun International Holdings earnings date
H2 202626 Feb, 2027
Anchun International Holdings
Next Anchun International Holdings earnings date
H2 202626 Feb, 2027
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