Huguang Shares disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 52 million yuan and 59 million yuan, a year-on-year decline of 78.66% to 81.19%. Deducted non-recurring net profit is expected to be between 32 million yuan and 40 million yuan, down 85.1% to 88.08% year-on-year. The company focuses on the research, development, production, and sales of high- and low-voltage automotive wiring harnesses. The decline in performance is mainly due to intensified industry competition and pressure on product selling prices, while rising prices of raw materials such as copper have pushed up costs, along with the company's continued increase in talent recruitment, research and development investment, and early-stage layout in overseas markets.
Kunshan Huguang Auto Harness Co LtdIntensified industry competition and pressure on product selling prices, along with rising raw material costs and increased investments, leading to a sharp profit decline.