Fasten Group disclosed an earnings forecast, expecting a net loss attributable to shareholders of 25 million to 37.5 million yuan in the first half of 2026, compared with a loss of 15.0349 million yuan in the same period last year. The net loss after deducting non-recurring items is also expected to be 25 million to 37.5 million yuan, compared with a loss of 26.6094 million yuan in the same period last year. The company stated that the change in performance is mainly due to the completion of the sale of a 10% stake in its associate China Bekaert Steel Cord Company Limited during this reporting period, resulting in no further profit dividends, whereas a dividend of 7.3752 million yuan was received in the same period last year. In addition, the company recognized investment income of 11.2835 million yuan from the transfer of matured accounts receivable claims in the same period last year, while no such transaction occurred in this reporting period.
Jiangsu Fasten Co LtdExpects widened net loss of 25-37.5M yuan vs 15M loss last year due to lost dividend and investment income.