Asia Cement (China) Holdings Corporation (HKEX: 00743) reported a sharp year-over-year decline in gross profit and gross margin for the six months ended June 30, 2026. The assigned HKD 1.61 share-price reference is not confirmed by a dated quote here, so it should not be treated as the stock’s current price.
What changed in Asia Cement’s latest results?
In its 2026 interim-results announcement, Asia Cement reported gross profit of RMB202.852 million for the six months ended June 30, down from RMB411.240 million in the corresponding 2025 period. Gross margin fell to 9% from 16%. These are first-half comparisons, not full-year figures. Asia Cement 2026 interim-results announcement
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The deterioration was also visible in the first quarter. In an April 2026 profit warning, the company reported an unaudited loss attributable to owners of RMB81.283 million for the three months ended March 31, compared with a profit of RMB3.081 million in first-quarter 2025. The Board said the expected decrease in profit was “primarily due to the selling price of the Group’s products declined compared with that of the corresponding period in 2025.” Asia Cement profit warning, April 17, 2026
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What does the HKD 1.61 figure mean?
HKD 1.61 is the price stated in the assigned headline, but the available material does not establish its trading date or whether it was a closing, intraday, or delayed quote. It therefore cannot be presented as a verified current market price or used to infer a recent share-price trend. A useful price reference needs a dated quotation for HKEX: 00743, with the quote type and currency specified.
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How does the 2026 decline compare with 2025?
Asia Cement’s 2025 annual report shows a mixed year rather than a uniform improvement. Revenue declined, while gross profit and profit attributable to company owners increased:
| Measure | 2025 | 2024 |
|---|---|---|
| Revenue | RMB5,109.174 million | RMB5,885.495 million |
| Gross profit | RMB699.990 million | RMB592.563 million |
| Profit (loss) attributable to company owners | RMB85.724 million | Loss of RMB263.682 million |
The January 2026 positive profit alert said the expected increase in 2025 profit was primarily attributable to lower cost of sales for the Group’s cement products. That notice was based on preliminary management accounts that had not been reviewed or audited and could be adjusted; the figures above are from the 2025 annual report. Asia Cement 2025 annual report Asia Cement positive profit alert
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What should investors watch next?
- Selling prices: The company identified lower year-over-year product selling prices as the primary reason for the expected first-quarter deterioration. Subsequent disclosures can show whether that pressure persists.
- Gross margin and gross profit: Track both measures across comparable periods. The first-half 2026 margin should be compared with the first-half 2025 margin, not directly with a full-year figure.
- Revenue and costs together: The 2025 comparison demonstrates why revenue alone does not tell the full story: revenue fell while gross profit rose. Look at cost of sales alongside sales when assessing whether profitability is recovering.
- Profit attributable to owners: Distinguish quarterly, half-year, and full-year results, and note whether reported figures are preliminary, unaudited, or from an annual report.
The reported results establish weaker first-half 2026 gross profit and margin, as well as a first-quarter swing to loss. They do not, on their own, establish that demand, energy costs, policy, or any other industry-wide factor caused the decline.
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