Jialitu disclosed its earnings forecast, expecting a net loss attributable to the parent company of 63 million to 75 million yuan in the first half of 2026, compared with a loss of 17.7716 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 68 million to 80 million yuan, compared with a loss of 25.3275 million yuan a year earlier. The company stated that the change in performance was mainly due to intense industry competition and rising upstream procurement costs, which led to a sharp decline in the gross margin of its integrated business. The profitability of precision air conditioning and maintenance services also weakened simultaneously, causing a significant contraction in overall main business gross profit. In addition, extended project cycles have resulted in a backlog of shipped goods, some project orders incurred losses, and customer payment collection slowed down. The company made substantial provisions for inventory and credit impairment, which dragged down short-term profits. After its subsidiary Kaide Youyun Data Center was converted to fixed assets and began operations, depreciation, electricity costs, and operation and maintenance expenses increased significantly year-on-year. The company is accelerating customer signings and rack deployments to boost revenue, and this segment is expected to contribute to profits once capacity is fully utilized.
Nanjing Canatal Data Centre Environmental Tech Co Ltd Class ACompany forecasts a significantly larger net loss for H1 2026 due to competition, rising costs, and impairments.
Subsidiary's data center conversion increased depreciation and costs, dragging short-term profits.