Baida Precision Manufacturing disclosed its earnings forecast, expecting net profit attributable to owners of the parent in the first half of 2026 to be 105 million yuan, a year-on-year increase of 138.36 percent. This was mainly due to the recognition of non-current asset disposal gains and losses of approximately 124.13 million yuan from a land resettlement matter, which increased non-recurring profit and loss. After deducting non-recurring profit and loss, net profit was a loss of 19.51 million yuan, compared with a profit of 45.2557 million yuan in the same period last year, a year-on-year decline of 143.11 percent. The reason was that the company's controlling subsidiary's solar cell project had not yet commenced production, resulting in operating losses, and due to supply-demand imbalances in the photovoltaic industry, the company made impairment provisions for related assets. The company is mainly engaged in the research, development, manufacturing and sales of compressor parts and automotive components.
Zhejiang Baida Precision MnfgCore net profit after deducting non-recurring items swung to a loss of 19.51 million yuan, down 143.11% YoY, due to solar project losses and asset impairments.