Fujian Minfa Aluminium Co Ltd

Minfa Aluminium released its 2026 interim report, with net profit attributable to the parent company at negative 2.43 million yuan, swinging from profit to loss year-on-year. The company's total operating revenue was 968 million yuan, up 24.78% year-on-year, but net cash flow from operating activities was negative 161 million yuan. The company's latest asset-liability ratio was 37.29%, gross margin was 5.27%, and ROE was negative 0.16%.

Minfa Aluminium disclosed an earnings forecast, expecting a net loss attributable to the parent of 1.5 million yuan to 3 million yuan in the first half of 2026, compared with a profit of 2.9357 million yuan in the same period last year. Deducted non-recurring net loss is expected to be 8 million yuan to 11 million yuan, compared with a profit of 2.0086 million yuan in the same period last year. The company said the change in performance was mainly affected by intensified industry competition leading to a decline in gross margin of the main business, higher financial expenses driven by factors such as exchange gains and losses, and a significant increase in credit impairment losses due to the provision for credit impairment in the current period.