Huamao Technology disclosed its earnings forecast, expecting net profit attributable to shareholders for the first half of 2026 to be between 21.1245 million yuan and 31.6867 million yuan, a year-on-year decline of 76.8% to 84.53%. Deducted non-recurring net profit is expected to be between 12.1686 million yuan and 18.2528 million yuan, down 85.43% to 90.29%. The company attributed the decline mainly to intense competition in the automotive industry and weakening downstream demand, which put pressure on product selling prices. Additionally, depreciation and amortization increased during the production ramp-up phase at the new Vietnam subsidiary base, and the employee stock ownership plan generated share-based payment expenses of approximately 120 million yuan, an increase of about 112 million yuan compared with the same period last year. Excluding the impact of share-based payments, net profit attributable to shareholders is expected to be between 123.7367 million yuan and 134.2989 million yuan, roughly flat compared with the same period last year. Furthermore, higher interest expenses on convertible bonds and exchange losses due to currency fluctuations led to a significant increase in financial expenses.
Desiccant Technology CorporationHMT(Xiamen)New TechnicalCompany expects 76.8%-84.53% net profit drop due to intense competition and weakening downstream demand.
