Conch Venture stock reports revenue growth despite profit decline

Published on 09/29/2026 at 08:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Conch Venture stock posted RMB 3.79 billion in H1 2026 revenue, up 22.90 percent year over year. Net profit fell 35.40 percent, while the interim dividend rose to HKD 0.15.

Conch Venture, HK0586000236, Illustration mit AI erstellt.

Conch Venture stock stood at HKD 7.37 on the Hong Kong Stock Exchange on September 28, 2026, up HKD 0.01, or 0.14 percent, from the previous close. The latest interim figures show a sharper split: revenue grew, but earnings declined as investment income and new energy profitability weakened.

Revenue grows while profit falls

According to Futubull on September 23, 2026, Conch Venture generated RMB 3.79 billion in revenue in the first half of 2026, a 22.90 percent year-over-year increase. Net profit attributable to shareholders was RMB 831 million, down 35.40 percent, while earnings per share came to RMB 0.49.

The pressure was visible in the margin profile. Gross margin fell 9.31 percentage points year over year to 29.07 percent in H1 2026, while the share of profit from associates dropped 39.30 percent to RMB 509 million, according to the same interim report from Futubull.

New energy margin stays negative

New energy revenue rose 232.22 percent to RMB 1.03 billion in the first half of 2026, but the segment reported a gross margin of negative 6.31 percent. Lithium carbonate price volatility, higher raw-material costs and impairment losses on waste-disposal project operating rights weighed on profitability.

The contrast with the core waste business is important. A review by Futubull dated September 4, 2026, said solid-waste revenue reached RMB 2.46 billion and rose 3.10 percent year over year. The same review said Dongwu Securities maintained a Buy rating while flagging weaker new energy conditions and lower investment income as risks.

Stock trades below yearly high

Conch Venture shares remained well below the HKD 14.20 52-week high, with the range extending down to HKD 7.00 as of September 28, 2026. Market capitalization stood at HKD 13.2 billion, and the interim dividend was HKD 0.15 per share versus HKD 0.10 a year earlier, a 50.00 percent increase.

For investors, the central calculation is straightforward: higher revenue and a larger dividend are being offset by lower earnings quality. The next valuation debate therefore depends on whether waste-to-energy efficiency gains can compensate for pressure in new energy and the weaker contribution from associates.

Conch Venture stock stays near its yearly low

Conch Venture stock was last at HKD 7.37 on September 28, 2026, on the Hong Kong Stock Exchange, with a daily change of 0.14 percent and a 52-week range of HKD 7.00 to HKD 14.20.