CIMC ENRIC's Subsidiary Reports First-Half Net Loss, Reversing Year-Ago Profit
Stock News
Aug 24
CIMC ENRIC (03899) has announced that its subsidiary, CIMC Enric Alcohol Technology, recorded a revenue of RMB 1.17 billion for the six months ended June 30, 2026, reflecting a year-on-year decline of 37.84%.
The subsidiary posted a net loss attributable to shareholders of the listed company of RMB 38.7342 million, a sharp reversal from the net profit of RMB 122 million reported in the same period last year.
Basic loss per share stood at RMB 0.05 for the period, according to the company's official filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.