Several companies have released their preliminary earnings forecasts for the first half of 2026, revealing a mixed picture of substantial profit growth and significant losses.
Jiangsu Lettall Electronic Co.,Ltd. (SH: 603629) anticipates its net profit attributable to shareholders to reach between 6.50 billion and 7.50 billion yuan, marking a year-on-year surge of 1173% to 1368%.
Tongwei Co.,Ltd. (SH: 600438) projects a net loss attributable to shareholders in the range of 4.8 billion to 5.4 billion yuan for the period.
Longi Green Energy Technology Co.,Ltd. (SH: 601012) expects a net loss of 3.4 billion to 3.8 billion yuan, compared to a loss of 2.569 billion yuan in the same period last year.
Among other firms reporting strong growth, Changfei Optical Fiber sees profit potentially rising up to 914%, while Tianqi Lithium forecasts an increase of up to 4935%. Estun Automation projects growth exceeding 2500%, and Zhaoyan New Drug estimates a rise of up to 1377%. China Life Insurance expects profit growth of up to 235%. Several companies, including Tongding Interconnection, Demingli, and Ganfeng Lithium, anticipate turning losses into profits.
On the downside, alongside Tongwei and Longi, companies like Tianguang Co., Huanghe Whirlwind, Guosheng Technology, and China Eastern Airlines have also forecasted net losses for the half-year period.
In other corporate developments, *ST Gaoke announced that its chairman and another controlling person have been criminally立案d on suspicion of misappropriating funds, though the company states operations remain normal.
Suqian Liansheng's stock has experienced severe abnormal fluctuations, with the company warning of overheated market sentiment and risks of a rapid correction, and indicating it may apply for a trading halt if the rise continues.
Finally, SIE Information disclosed plans to sign procurement contracts for high-performance computing servers worth up to 5.079 billion yuan to bolster its cloud computing services and AI solution capabilities.
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