According to the CITIC Construction Investment Research Report, in the first half of 2026, the building decoration industry achieved revenue of 3.62 trillion yuan, a year-on-year decrease of 9.2%, and realized net profit of 68.38 billion yuan, a year-on-year decrease of 25.5%. The decline in profit was higher than the decline in revenue. The decline in revenue and profit increased in the second quarter, mainly due to rising expenses and increased impairment. The operating cash flow of the industry decreased year-on-year to 78.61 billion yuan. Revenue increased 4.2 percentage points to 99.4% compared to the same period last year. The trend of improving cash flow was established, and 21 companies have declared mid-term dividends. Chemical engineering revenue remained flat, clean room performance increased high, decoration turned losses into profits, and the gross margin of steel structures rebounded. It is recommended to focus on high dividend targets, as well as booming directions such as chemical engineering and clean rooms.

According to the CITIC Construction Investment Research Report, in the first half of 2026, the building decoration industry achieved revenue of 3.62 trillion yuan, a year-on-year decrease of 9.2%, and realized net profit of 68.38 billion yuan, a year-on-year decrease of 25.5%. The decline in profit was higher than the decline in revenue. The decline in revenue and profit increased in the second quarter, mainly due to rising expenses and increased impairment. The operating cash flow of the industry decreased year-on-year to 78.61 billion yuan. Revenue increased 4.2 percentage points to 99.4% compared to the same period last year. The trend of improving cash flow was established, and 21 companies have declared mid-term dividends. Chemical engineering revenue remained flat, clean room performance increased high, decoration turned losses into profits, and the gross margin of steel structures rebounded. It is recommended to focus on high dividend targets, as well as booming directions such as chemical engineering and clean rooms.