BBMG Jidong Cement Group Co., Ltd. (controlling subsidiary of BBMG Corporation) released its unaudited first-quarter report for 2026, showing a marked contraction in top-line performance and a wider net loss amid softer demand and higher financing pressure.

Revenue and Profitability • Operating revenue fell 22.8% year on year to RMB 3.01 billion, down from RMB 3.90 billion in Q1 2025. • Operating costs declined 19.2% to RMB 2.89 billion, but the reduction did not offset the revenue drop; the implied gross margin narrowed to 4.3% from 8.5% a year earlier. • The company recorded an operating loss of RMB 1.13 billion, 20.9% wider than the RMB 0.93 billion loss in the prior-year period. • Net loss attributable to shareholders expanded 13.9% to RMB 0.99 billion, translating into a basic EPS of –RMB 0.378 (Q1 2025: –RMB 0.328). • The bottom line benefited from a RMB 39.83 million tax credit, compared with a RMB 7.14 million tax expense in Q1 2025, and from a 21.7% decrease in finance costs.

Balance Sheet Highlights (31 Mar 2026 vs. 31 Dec 2025) • Total assets inched up 0.2% to RMB 57.43 billion. • Total liabilities rose 4.3% to RMB 28.94 billion, driven by higher short-term loans (+26.3% to RMB 3.44 billion) and long-term loans (+7.2% to RMB 7.31 billion). • Inventories increased 9.5% to RMB 3.19 billion, while accounts receivable financing fell 31.0% to RMB 0.37 billion. • Owners’ equity declined 3.7% to RMB 28.49 billion, reflecting the quarterly loss.

Cash Flow Dynamics • Operating activities consumed RMB 0.64 billion, double the outflow recorded in the same period last year, weighed down by lower cash receipts from sales. • Investing outflow narrowed to RMB 0.33 billion from RMB 1.06 billion, as no large-scale acquisitions were booked during the quarter. • Financing activities provided RMB 1.16 billion of net inflow, supported by RMB 2.21 billion of new borrowings and RMB 0.41 billion capital injection from minority shareholders. • Cash and bank balances ended the quarter at RMB 6.25 billion, up 3.5% from year-end 2025.

Outlook Management did not disclose guidance in the filing. The first-quarter performance underscores the challenges of lower cement demand and rising leverage, setting the stage for BBMG Jidong’s cost-control and cash-flow management to remain focal points in the coming quarters.