Hongbo New Materials disclosed its earnings forecast, expecting a net loss attributable to the parent company of 22 million to 33 million yuan in the first half of 2026, compared to a loss of 26.6055 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 30 million to 47 million yuan, compared to a loss of 32.5963 million yuan in the same period last year. The company stated that the main reasons for the loss are the weak macroeconomic environment and intense industry competition. Although product prices saw a slight increase in the second quarter, they remain at low levels, having limited impact on performance. Meanwhile, exchange rate fluctuations led to increased exchange losses, compared to an exchange gain of 2.73 million yuan in the same period last year. Hongbo New Materials is primarily engaged in the research, development, production, and sales of silicon-based new materials such as functional silanes and nano-silicon materials.
Jiangxi Hungpai New Material Co LtdWeak macroeconomic environment and intense industry competition leading to losses