Dare Power Dekor Home has issued its 2026 half-year performance forecast, projecting a net loss attributable to shareholders of the listed company of 160 million to 200 million yuan for the first half, compared with a profit of 35.6576 million yuan in the same period last year. The company explained that, affected by a sluggish market, domestic demand continued to decline, production and sales volumes of flooring and wood-based panel businesses kept falling, operating revenue continued to drop, and gross profit decreased, resulting in a negative net profit. This performance change is consistent with the attributions in the 2025 annual report and the 2026 first-quarter report, reflecting a structural and persistent deterioration in the company's operating difficulties. Previously, the company's net profit had declined for seven consecutive years. In 2025, full-year operating revenue was 4.575 billion yuan, down 14.49 percent year-on-year, and net profit was only 13.337 million yuan, down 90.41 percent year-on-year, with core subsidiary Shengxiang Group posting a net loss of 133 million yuan. In the first quarter of 2026, total operating revenue was 768 million yuan, down 2.58 percent year-on-year, net loss was 96.7369 million yuan, with the loss widening by 39.18 percent year-on-year, and gross margin fell to 16.66 percent from 22.04 percent in the same period last year.
Dare Technology Co LtdCompany forecasts first-half net loss of 160-200 million yuan due to continued decline in domestic demand and falling sales volumes.
Core subsidiary Shengxiang Group posted a net loss of 133 million yuan in 2025, reflecting persistent demand weakness.