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ST Sitong expects losses of 22 million to 29 million yuan in the first half of 2026
ST Sitong has disclosed its earnings forecast, expecting a net loss attributable to the parent company of 22 million to 29 million yuan in the first half of 2026, compared with a loss of 16.2006 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 27 million to 33 million yuan, compared with a loss of 21.3267 million yuan a year earlier. The company said the losses are mainly due to persistently rising upstream raw material prices coupled with weak downstream demand, leading to higher production costs and limited room for product price adjustments, putting overall profitability under pressure. ST Sitong is mainly engaged in new-style household living ceramics, with business extending to zirconium-titanium ore refining and ceramic color glazes.