Zhejiang Yuejian Intelligent Equipment Co Ltd

Yuejian Intelligent released its 2026 interim report, with net profit attributable to the parent company of 29.88 million yuan, down 52.29% from the same period last year. Total operating revenue was 540 million yuan, a decrease of 111 million yuan from the same period last year, down 17.11% year-on-year. Net cash inflow from operating activities was 54.40 million yuan. The latest asset-liability ratio was 22.82%, gross margin was 11.90%, and diluted earnings per share was 0.12 yuan.

Yuejian Intelligent has disclosed its earnings forecast, expecting a net profit attributable to the parent company of 28 million to 32 million yuan for the first half of 2026, a year-on-year decline of 48.91% to 55.29%. Deducted non-recurring net profit is expected to be 18 million to 21 million yuan, down 59.62% to 65.39% year-on-year. The company is mainly engaged in the research, development, production, and sales of textile machinery. The decline in performance is primarily due to reduced downstream market demand and intensified competition, leading to a decrease in sales volume of texturing machines and a drop in product gross margins.