Deli Shares released its 2026 interim report on August 30. The reporting period remained loss-making and the loss widened, with net profit attributable to the parent company at negative 57.38 million yuan, a year-on-year loss expansion of 26.63%. The company achieved operating revenue of 708 million yuan, down 8.12% year-on-year, and non-GAAP net profit of negative 58.94 million yuan, with the loss widening by 30.59%. The decline in performance was mainly affected by the export tax rebate rate being adjusted from 9% to 0%, rising costs caused by geopolitical factors, and the shutdown of the photovoltaic segment. Among these, subsidiary Bengbu Guangneng has temporarily halted its furnaces since January 2025, contributing no production or sales in the current period and generating a large loss. Although the Pakistani subsidiary remained profitable and international business revenue grew 3.93% year-on-year, it was difficult to fully offset the negative effects of the domestic main business and the photovoltaic segment. The company also made an inventory write-down provision of 18.34 million yuan, further eroding profits.
Anhui Deli Household Glass Co LtdDeli Shares' 2026 interim report shows net loss widening 26.63% to -57.38M yuan with revenue down 8.12%.
Bengbu Guangneng's furnaces have been temporarily halted since January 2025, contributing no production or sales and generating a large loss.
