Fengzhu Textile disclosed its earnings forecast, estimating net profit attributable to the parent company at 1.33 million yuan for the first half of 2026, a year-on-year decline of 83.26 percent. Deducted non-recurring net profit is expected to be a loss of 1.85 million yuan, compared with a profit of 2.5886 million yuan in the same period last year. The company stated that during the reporting period, downstream demand was sluggish, product sales gross margin declined, capacity utilization fell short of expectations, and fixed amortization costs increased, leading to the decline in performance. Based on the closing price on July 10, Fengzhu Textile currently has a price-to-earnings ratio of about 175.58 times, a price-to-book ratio of about 1.44 times, and a price-to-sales ratio of about 1.72 times.
Fujian Fynex Textile Science & Technology Co LtdDownstream demand sluggish, product sales gross margin declined, capacity utilization fell short of expectations, leading to 83.26% net profit drop.