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Zhongshen Jianye Holding (2503) investor relations material
Zhongshen Jianye Holding H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 2026 revenue fell 4.5% YoY to RMB192.2m amid slower construction activity; gross profit rose to RMB15.1m and net loss narrowed to RMB9.5m, supported by Huajian.
Net assets reached RMB737.4m at 30 June 2026, up 32.7% from year-end 2025.
Financial highlights
Cost of revenue fell 6.5% to RMB177.1m.
Gross profit rose to RMB15.1m from RMB11.8m; gross margin increased to 7.9% from 5.9%, reflecting Huajian’s high-margin services.
Operating loss narrowed to RMB7.1m from RMB10.9m; net loss narrowed to RMB9.5m from RMB11.8m.
Loss attributable to owners was RMB9.6m; basic and diluted loss per share improved to RMB0.86 cents from RMB1.98 cents.
Outlook and guidance
Strategy targets green buildings, intelligent construction and full-process engineering solutions, in line with policy priorities for renewable energy, urban renewal and digital transformation.
Huajian integration is expected to broaden full-chain engineering services, reduce project risks and costs, improve delivery quality and extend services beyond the Pearl River Delta.
Remaining proceeds for potential construction-sector acquisitions are targeted for use by 31 December 2027, subject to suitable targets and market conditions.
Equipment-purchase proceeds remain largely unutilised as leasing is preferred; the utilisation timeline is 31 December 2027.
- FY23 profit rose 25.6% as construction engineering drove growth; listing followed in January.2503
H2 2023 - Revenue fell 23.5%, and net profit sank to RMB0.3m as fewer projects generated revenue.2503
H1 2024 - Fewer active projects cut FY2024 revenue 51% and profit 94%.2503
H2 2024 - Fewer active projects drove a 46.9% revenue drop and an RMB11.810m H1 net loss.2503
H1 2025 - Fewer projects and higher impairments drove a sharp FY2025 loss.2503
H2 2025
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