Ningbo Dechang Electrical Machinery Made Co Ltd

Dechang Shares released its 2026 interim report, with net profit attributable to the parent company of 33.5884 million yuan, down 69.67% from the same period last year. Total operating revenue was 2.31 billion yuan, and net cash inflow from operating activities was 102 million yuan. The latest asset-liability ratio was 48.21%, up 5.96 percentage points from the previous quarter; gross margin was 12.56%, down 1.45 percentage points from a year earlier. Diluted earnings per share were 0.07 yuan, down 69.57% year on year.

Dechang Shares disclosed its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be 35.52 million yuan, down 67.92% year-on-year. Deducted non-recurring net profit is expected to be 26.68 million yuan, down 72.98% year-on-year. The company stated that the change in performance was mainly affected by fluctuations in the US dollar exchange rate, with exchange gains of approximately negative 57.1 million yuan in the current period, a decrease of about 66.37 million yuan compared to the same period last year. Excluding the impact of exchange gains and losses, the main business operations continued to recover, and the operating performance in the second quarter of 2026 improved compared to both the same period last year and the first quarter of 2026.