China National Materials Company (Sinoma) (01893) said its net profit attributable to shareholders of the parent company for the first half of 2016 dropped 30.87% year-on-year to Rmb307.5 million.
Basic and diluted earnings per share were Rmb8.6 cents.
Total operating revenue was Rmb21,751 million, a decrease of 5.8% from a year earlier.
Gross profit grew 4.46% year-on-year to Rmb4,228 million. Gross margin was 19.44%, representing an increase of 1.91 percentage points as compared with 17.53% in the corresponding period of last year.
The decline in net profit was mainly due to the reduction in investment gains and sales volume of wind power fan blade.
No interim dividend will be distributed.