Fuxing Shares disclosed its performance forecast, expecting a net loss attributable to the parent company of 1.6 billion to 2.4 billion yuan in the first half of 2026, compared with a loss of 658 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 1.57 billion to 2.35 billion yuan, compared with a loss of 629 million yuan a year earlier. Basic earnings per share are projected at negative 1 yuan to negative 1.51 yuan per share. The company stated that the loss is mainly due to the continued decline in the settlement scale of real estate development projects, coupled with changes in the industry and market operating environment, resulting in the overall gross profit margin remaining at a low level, and a corresponding increase in asset impairment provisions. The company is revitalizing existing assets and leveraging the synergy of its dual main businesses to deepen cost reduction and efficiency improvement, and promote stable and sustainable development.
Hubei Fuxing Science and Technology Co LtdExpects net loss of 1.6-2.4 billion yuan in H1 2026, wider than prior year loss, due to declining real estate settlement and low gross margins.