China Sifang New Materials Expects Net Profit of 6 to 9 Million Yuan for First Half of 2026

en.Wedoany.com Reported - China building materials supplier Sifang New Materials (605122) released its performance forecast for the first half of 2026, expecting a net profit attributable to shareholders of the listed company of 6 million to 9 million yuan, an increase of 122.79% to 134.19% compared to the same period last year, turning losses into profits. The company expects operating revenue of 428 million yuan.

The company's main sales market for commercial concrete is Chongqing. The main reasons for the turnaround from losses to profits in the first half of 2026 include: According to the "Announcement on Matters Concerning the Transition of VAT Preferential Policies after the Implementation of the VAT Law" (Ministry of Finance and State Taxation Administration Announcement No. 10 of 2026) issued by the Ministry of Finance and the State Taxation Administration, from January 1, 2026, to December 31, 2027, the tax calculation method for the company's commercial concrete and similar products was adjusted from simplified taxation to general taxation. After the adjustment, compliant deductible VAT input tax is no longer included in the production cost of inventory, reducing the unit cost of products and correspondingly increasing the gross profit margin of product sales. At the same time, the company has intensified efforts to recover accounts receivable through measures such as negotiation and litigation, continuously improving the structure of accounts receivable, resulting in a reduction in credit impairment compared to the same period last year.