China Bester Group Telecom issued a performance forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 10 million yuan and 11.15 million yuan, a year-on-year decrease of 77.98% to 80.25%. Net profit attributable to the parent after deducting non-recurring items is expected to be between 3.8 million yuan and 4.5 million yuan, a year-on-year decrease of 90.77% to 92.21%. The company stated that the main reason for the expected decline in performance is the continued slowdown in investment by telecom operators, leading to a drop in revenue from 5G new infrastructure business, smart city projects, and other operations. The previously disclosed first-quarter report showed that the company achieved revenue of 485 million yuan in the first quarter of 2026, with net profit attributable to the parent at negative 2,846.79 yuan.
China Bester Group Telecom Co LtdCompany forecasts 78-80% net profit drop due to telecom operators' reduced investment, lowering demand for its 5G and smart city services.