Golden Home Living disclosed its earnings forecast, expecting a net loss attributable to shareholders of 110 million to 140 million yuan in the first half of 2026, compared with a profit of 63.6518 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 120 million to 160 million yuan, compared with a profit of 34.1386 million yuan a year earlier. The company said the change in performance was mainly due to a decline in revenue caused by the downturn in the real estate market and weak end-user demand, compounded by intensified price competition in the industry that led to a drop in overall gross margin. In addition, the company's strategic investments in overseas business, Feiliu AI, and new retail have affected profits in the short term, and the convertible bonds issued in 2023 generated expensed interest of about 18 million yuan, also having a phased impact.
Xiamen Goldenhome Co LtdRevenue decline due to real estate downturn and weak end-user demand