Ningbo Fujia Industrial Co LtdRaw material cost surge from geopolitical conflicts and exchange losses drive profit plunge.

Fujia Shares issued a performance forecast, expecting to achieve a net profit attributable to the parent of 30 million yuan in the first half of 2026, a decrease of 45.42 million yuan compared with the same period last year, representing a decline of 60.22%. After deducting non-recurring gains and losses, the net profit attributable to the parent is 2.6 million yuan, a year-on-year decrease of 65.76 million yuan, a drop of 96.20%. The company stated that the pre-reduction in performance was mainly due to international geopolitical conflicts pushing up the prices of raw materials such as plastic pellets, copper, and aluminum, leading to a significant increase in procurement costs. At the same time, the expansion of the main business scale of cleaning appliances amplified the cost impact, and the high proportion of overseas business led to increased exchange losses. In the first quarter of 2026, the company achieved revenue of 652 million yuan and a net profit attributable to the parent of 1.05 million yuan.
Ningbo Fujia Industrial Co LtdRaw material cost surge from geopolitical conflicts and exchange losses drive profit plunge.