BBMG Reports First-Half 2026 Revenue of RMB 35.92 Billion and Net Loss of RMB 2.17 Billion

On September 17, 2026, BBMG held its first-half 2026 results briefing. In the first half, the company recorded operating revenue of RMB 35.92 billion and a net loss attributable to shareholders of RMB 2.17 billion. The new green building materials segment generated main business revenue of RMB 33.06 billion, accounting for 92%, with gross profit of RMB 2.49 billion, accounting for 76%. The property development and operations segment generated main business revenue of RMB 2.94 billion, accounting for 8%, with gross profit of RMB 780 million, accounting for 24%. During the reporting period, net cash flow from operating activities was RMB 2.68 billion, turning positive year on year.

The new building materials business mainly covers dry-mixed mortar, coatings, rock fiber boards, rock wool and other consumer building materials and related industrial chain businesses. The overall gross margin of the new building materials business was about 15%, while the gross margin of consumer building materials was about 25%. At the end of June 2026, the company's cumulative weighted financing cost on interest-bearing debt was 2.60%, down 17 basis points from the end of 2025. From January to June 2026, the company's incremental financing cost was 2.28%, down 7 basis points from the same period in 2025.

In the first half of 2026, the share of the company's new materials industry revenue in manufacturing rose to 25.9%. MPC magnesium phosphate cementitious material achieved industrial-scale mass production, new active lime products were launched to the market, and ultrafine cement was applied in scenarios including national strategic reserve depots and oilfield damage repair. Underwater non-dispersible high-strength grouting material and VI-type ultra-early-strength grouting material were applied in subway projects. Renewable energy development and utilization continued to advance, with six photovoltaic power generation projects connected to the grid, adding installed capacity of 13.95 megawatts.

In the second half of the year, the company will focus on Beijing's core areas and select land parcels with a certain scarcity of land value, moderate scale, relatively strong certainty of absorption and relatively controllable risk, and, in light of its cash flow position, participate in bidding as part of a consortium or independently. In response to a question about mergers and acquisitions and integration in the cement business, the company said it will, around its existing strategic layout, select acquisition targets with strategic location advantages, excellent resource endowments, high asset quality and strong profitability, advance merger and integration work through diversified channels at an opportune time, continuously optimize its industrial layout and further consolidate its leading position in the northern market.