China Fangda Group Co Ltd

Fangda Group announced that its new orders for the high-end curtain wall and materials industry in the second quarter of 2026 amounted to 787 million yuan. In the same period, orders won but not yet signed stood at 675 million yuan, and as of the end of the second quarter, the cumulative value of signed but uncompleted contracts reached 4.372 billion yuan. Regarding major contracts, the curtain wall professional engineering contract for the CITIC Financial Center project undertaken by the company is valued at 351 million yuan. The project is progressing smoothly, with a completion rate of 68.67 percent as of the end of June 2026, and cumulative recognized tax-inclusive revenue of 238 million yuan. The project adopts a monthly installment collection method, and a total of 186 million yuan in project payments has been received. There are no instances of failure to settle or collect payments in a timely manner as stipulated in the contract, and the counterparty's ability to perform is normal.

Fangda Group issued an earnings forecast, expecting net profit attributable to shareholders of the listed company for the first half of 2026 to be between 48 million yuan and 56 million yuan, representing a year-on-year increase of 177.62% to 223.89%. The profit growth was mainly driven by operational improvements and strengthened management of receivables, with receivables declining from the beginning of the year during the reporting period, which relatively reduced the provision for impairment losses. The company's first-quarter net profit was 28.2 million yuan, implying a second-quarter net profit of between 19.8 million yuan and 27.8 million yuan, a quarter-on-quarter decline of 1% to 29%.