CHINA LESSO (02128) announces annual performance, with a net profit attributable to shareholders of 1.262 billion yuan, a decrease of 25.08% year-on-year.

CHINA LESSO (02128) announced its annual performance for the year ending on December 31, 2025. The group achieved revenue of 24.315 billion yuan, a decrease of 10.03% year-on-year; the attributable net profit of the company was 1.262 billion yuan, a decrease of 25.08% year-on-year; earnings per share were 0.41 yuan. Facing a complex market environment, the group adheres to its core business of plastic pipe systems, implements a steady development strategy, and maintains a solid performance in its core business. In the municipal sector, the group actively participates in key projects such as urban renewal, pipeline upgrades, and sewage treatment in various cities nationwide. In the agricultural sector, the group has expanded its presence in several major agricultural provinces in China, with an increased market share for agricultural pipes. Additionally, the group has successfully expanded into overseas agricultural markets in Africa, Southeast Asia, and other regions.