USAS BUILDING (02671) announced its interim results, with a profit attributable to shareholders of 1.502 million yuan, a year-on-year decrease of 97.6%.

USAS BUILDING (02671) announced its interim results for the six months ended June 30, 2026, reporting revenue of RMB 452 million, a decrease of 68.28% year-on-year; profit attributable to shareholders was RMB 1.502 million, a decrease of 97.6% year-on-year; earnings per share were 1 cent. During the reporting period, revenue from prefabricated steel structure construction subcontracting services was approximately RMB 317 million, a decrease of 74.6%. This decrease was mainly due to: fluctuations in the order cycles of major customers: in the fiscal year 2025, the Group's core major customers released orders in concentration, resulting in a historical high revenue base in the same period last year. In the fiscal year 2026, the total orders from this major customer significantly declined compared to the same period last year; without the support of the high base from the previous year, there was a substantial year-on-year decrease in revenue for the Group and its subsidiaries; and delays in the initiation of new signed orders and postponement of revenue recognition: the new contracts signed by the Group in 2026 had relatively late signing dates, with project initiation and delivery progress mainly concentrated in the second half of 2026. Since revenue recognition must follow project acceptance/delivery milestones, the first half did not generate effective output to fill the gap caused by the high base in the same period last year. The Group currently has sufficient orders on hand, and new signed projects have successively entered the construction or delivery phase.