Jiangsu Luokai Mechanical & Electrical Co Ltd Class A

Luokai Shares released its 2026 interim report. Total operating revenue was 1.076 billion yuan, down 1.38% year on year. Net profit attributable to the parent company was 28.6794 million yuan, down 49.81% from the same period last year. Net cash flow from operating activities was negative 87.3583 million yuan, a decrease of 12.4166 million yuan year on year. The company's latest asset-liability ratio was 48.88%, gross margin was 14.34%, return on equity was 1.89%, and diluted earnings per share was 0.15 yuan. The number of shareholders was 13,400, and the top ten shareholders held 63.62% of the total share capital.

Luokai Shares disclosed an earnings forecast, expecting a net profit attributable to the parent company of 22 million to 31 million yuan for the first half of 2026, a year-on-year decline of 45.75% to 61.5%. Deducted non-recurring profit is expected to be 17.5 million to 25 million yuan, a year-on-year drop of 54.97% to 68.48%. The company primarily engages in the research, development, production, and sales of medium and low voltage distribution equipment and key components, represented by circuit breakers and ring main units. The change in performance is mainly due to intensified industry competition, rising prices of raw materials such as copper and silver leading to reduced product gross margins, and increased exchange losses from currency fluctuations.