Huada New Materials has disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 25 million and 36 million yuan, a year-on-year decline of 47.69% to 63.67%. Deducted non-recurring net profit is expected to be between 16.5 million and 24.5 million yuan, a year-on-year decline of 54.41% to 69.29%. The company is mainly engaged in the research, development, production and sales of multi-functional color-coated sheets, hot-dip galvanized sheets and their base plates. The change in performance is mainly due to short-term pressure on sales prices and narrowing purchase-sales spreads leading to a decline in gross margin, relatively high per-unit depreciation costs after the trial production of the Nantong project production line, and increased exchange losses due to the appreciation of the renminbi.
Zhejiang Huada New Materials Co LtdCompany expects net profit to fall 47.69%-63.67% due to sales price pressure and narrowing purchase-sales spreads.