Bomin Electronics issued an announcement, expecting a loss of 42 million to 56 million yuan for the first half of 2026, turning from a profit in the same period last year. Excluding non-recurring items, the loss is between 57 million and 70 million yuan. The main reasons for the loss include the new-generation electronic information industry investment and expansion project still being in the production ramp-up phase, leading to higher unit product costs; a significant rise in upstream material prices, with a time lag in passing product price increases to downstream customers, suppressing gross margins; and a year-on-year increase in financial expenses, mainly due to additional financing and early material procurement to accelerate project construction.
Bomin Electronics Co LtdRising upstream material prices and production ramp-up phase causing higher costs and loss.