Clenergy Xiamen Technology Co Ltd

Qingyuan Shares released its 2026 half-year report on August 30, with first-half net profit attributable to shareholders of approximately 21.0553 million yuan, down 75.74% year-on-year. Revenue for the same period was approximately 818 million yuan, down 32.15% year-on-year.

Clenergy has released its earnings forecast, estimating that net profit attributable to shareholders for the first half of 2026 will be between 18 million yuan and 26 million yuan, a year-on-year decline of 70.04% to 79.26%. Net profit after deducting non-recurring items is expected to be between 16 million yuan and 24 million yuan, down 72.08% to 81.39% year-on-year. The company stated that during the reporting period, it expects to incur foreign exchange losses of 20 million yuan to 23 million yuan, compared to a foreign exchange gain of 47.1908 million yuan in the first half of 2025. The swing from gain to loss in foreign exchange has led to a significant year-on-year drop in net profit attributable to shareholders. However, supported by continued growth in the overseas distributed photovoltaic mounting system market, the company's comprehensive gross profit increased year-on-year.