Huada Technology issued a performance forecast, expecting a net loss attributable to the parent company of 63 million to 126 million yuan for the first half of 2026, swinging from profit to loss year-on-year. After deducting non-recurring items, the net loss attributable to the parent company is 3.5 million to 7 million yuan. The company said the expected loss is mainly due to a significant decline in the fair value of equity investments held, high fixed costs from the die-casting business being in the production ramp-up stage, rising material prices dragging on profitability, and a decline in gross profit from the fuel vehicle components business.
Huada Automotive Tech Corp LtdCompany expects a net loss of 63-126 million yuan for H1 2026, swinging from profit to loss, due to fair value decline, high fixed costs, rising material prices, and lower gross profit.