TIANYE WATER announced its interim results, with a net loss attributable to the parent company of approximately 15.621 million yuan, turning from profit to loss year-on-year
TIANYE WATER announced its mid-term results for 2025, with total operating revenue of approximately 320 million yuan, a year-on-year decrease of about 68.55%. The net loss attributable to the parent company's owners reached 15.621 million yuan, a shift from profit to loss compared to the previous year, with a basic loss per share of approximately 0.030 yuan. The decline in performance was mainly affected by changes in the market environment and adjustments in government policies, leading to a significant reduction in the number of high-standard farmland construction projects, a sharp decline in sales of PVC pipe products, and a decrease in engineering business revenue
According to the Zhitong Finance APP, TIANYE WATER (00840) announced its interim results for 2025, with total operating revenue of approximately 320 million yuan, a year-on-year decrease of about 68.55%. The net loss attributable to the parent company's owners reached 15.621 million yuan, turning from profit to loss year-on-year; the basic loss per share was approximately 0.030 yuan.
The announcement stated that the decline in total operating revenue was mainly due to the significant reduction in the number of high-standard farmland construction projects affected by changes in the market environment and government policy adjustments this year, leading to a substantial decline in the sales volume of the company's PVC pipe products and a corresponding decrease in engineering business revenue
