Dongjiang Environmental Company Limited reported interim results for the six months ended 30 June 2026, highlighting lower revenue but a smaller net loss and a rebound in operating cash flow.

Total operating revenue fell 9.48% year-on-year to RMB 1.36 billion, reflecting weaker pricing and volumes in key treatment segments. Revenue from rare- and precious-metal recovery dropped 62.10% to RMB 108.86 million, while industrial waste treatment and disposal declined 6.04% to RMB 372.99 million. By contrast, sales of recycled products rose 11.58% to RMB 720.95 million as higher metal prices lifted realisations.

The Group recorded a net loss attributable to shareholders of RMB 268.44 million, an improvement of 3.50% from the prior-year loss of RMB 278.18 million. Gross profit margin increased to 4.70% from 3.24%, aided by better spreads in recycling operations and tighter cost control.

Finance costs fell to RMB 71.51 million, down RMB 22.36 million year-on-year, supported by lower average funding rates and foreign-exchange gains. Net cash generated from operating activities turned positive at RMB 89.84 million versus an outflow of RMB 50.71 million a year earlier.

Total assets stood at RMB 9.33 billion, with equity of RMB 2.51 billion; the gearing ratio (total liabilities/total assets) rose to 73.05%. Bank loans totalled RMB 4.51 billion, comprising RMB 1.72 billion short-term and RMB 1.64 billion long-term borrowings. Outstanding medium-term notes amounted to RMB 910.93 million.

In June 2026, China Chengxin International lowered Dongjiang Environmental’s issuer rating and bond ratings to AA from AA+, citing prolonged industry pressure and sustained losses; the outlook remains stable.

The Board did not declare an interim dividend.

Management reiterated its focus on hazardous-waste treatment, high-value recycling technologies and cost-reduction initiatives while continuing to explore new resource-recycling ventures and asset-light partnerships.