Grace Fabric Technology Projects Strong First-Half Profit Surge

Stock News07-14

Grace Fabric Technology Co.,Ltd. (ASX: 603256) has announced a positive earnings forecast for the first half of 2026.

The company anticipates its net profit attributable to shareholders will reach a range of RMB 332 million to RMB 405 million, representing a substantial year-on-year increase of 280% to 364%.

The significant profit growth is primarily attributed to a rise in end-market demand, which has led to a corresponding increase in the market demand for electronic-grade glass fiber cloth.

Sales prices for the company's electronic fabric products have risen due to the prevailing market supply-demand dynamics.

Concurrently, the company has been continuously optimizing and adjusting its product mix, focusing production and sales on specialty electronic fabrics and ultra-thin E-glass fiber fabrics that are in high demand in the market.

These strategic actions have collectively contributed to the sharp rise in net profit.

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