Hainan Development Holdings Nanhai Co LtdExpects net loss of 58-75 million yuan in H1 2026, with additional impairment provisions and non-recurring losses.

Hainan Development disclosed its earnings forecast, expecting a net loss attributable to the parent of 58 million to 75 million yuan in the first half of 2026, compared with a loss of 213 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 93 million to 120 million yuan, compared with a loss of 220 million yuan a year earlier. The change in performance is mainly due to four factors. First, after acquiring control of Hangzhou Wangying Technology in August 2025, the newly added mass consumer business was consolidated, bringing profit growth. Second, Haikong Sanxin Bengbu New Energy Materials and Sanxin Huizhou Curtain Wall Products were taken over by court-appointed administrators, causing the company to lose control and no longer consolidate them, thereby stopping losses. Third, based on changes in the internal and external environment such as the real estate market, the company preliminarily judges that related assets may show further signs of impairment and plans to make additional impairment provisions. Fourth, the former controlling shareholder, AVIC General Aircraft, assumed the guarantee responsibility for the company's bank loan guarantee for its former subsidiary Hainan AVIC Special Glass Materials, with the company providing a counter-guarantee using Shiyan assets. This period may see adjustments based on impairment test results, affecting non-recurring gains and losses.
Hainan Development Holdings Nanhai Co LtdExpects net loss of 58-75 million yuan in H1 2026, with additional impairment provisions and non-recurring losses.
Acquired by Hainan Development in August 2025, contributing profit growth from mass consumer business.