China Lesso reports mixed first-half results, revenue falls 8%

China Lesso Group Holdings Limited reported revenue of 12,475 million yuan for the first half of 2025, an 8.0% decrease from 13,563,523 million yuan in the prior comparable period. Gross profit also declined by 5.7% to 3,514,354 million yuan, though the gross profit margin slightly increased to 28.2%. Profit attributable to owners of the Company remained stable at 1,045,966 million yuan, a 0.3% rise. Basic earnings per share were 0.34 yuan, unchanged from the previous year.

The Group's total assets stood at 56,897,790 million yuan, down 2.5%, while total equity increased by 1.5% to 24,792,706 million yuan. Total debts saw a 3.0% decrease to 19,047,555 million yuan. Cash and bank deposits decreased by 25.7% to 4,935,964 million yuan. The company reported a net decrease in cash and cash equivalents from operating and investing activities of 337,573 million yuan and 404,908 million yuan, respectively, while financing activities resulted in a net cash outflow of 1,030,679 million yuan.

Sales for plastic piping systems decreased by 3.2% to 10,856 million yuan, contributing 87.0% of total revenue. Building materials and home improvement revenue fell by 20.6% to 858 million yuan, and other businesses declined by 39.8% to 761 million yuan. The Group plans to enhance its core competitiveness and expand its global footprint, with new production bases in Ethiopia and continued investment in R&D to drive product innovation.