USAS BUILDING (02671.HK): Expects H1 Net Profit to Drop Approximately 84.2%

NewTimeSpace News: On 18 August 2026, USAS Building System (Shanghai) Co., Ltd. (stock code: 02671) issued a profit warning, expecting a consolidated net profit of approximately RMB 9.9 million for the first half of 2026, down approximately RMB 52.7 million or approximately 84.2% from approximately RMB 62.6 million in the prior-year period.

The announcement attributed the decline mainly to lower revenue from prefabricated steel structure construction subcontracting services, affected by fluctuations in key customers' order cycles, and delayed commencement and deferred revenue recognition of newly signed orders, as contracts were signed relatively late in 2026 with construction and delivery concentrated in the second half, resulting in an aggregate decrease in gross profit of approximately RMB 83.7 million for the period. The interim results announcement is expected to be published on 21 August 2026.

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