Jingcheng Machinery Electric disclosed its earnings forecast, expecting a net loss attributable to shareholders of the parent company of 61.6 million to 73.6 million yuan for the first half of 2026, compared with a loss of 15.7557 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 66.9 million to 79.7 million yuan, compared with a loss of 22.6028 million yuan a year earlier. The company stated that the widening loss is mainly due to factors such as hydrogen energy and other emerging businesses still being in the early stages of industry cultivation, market scale not meeting expectations, and intense competition. At the same time, increased research and development expenses and exchange losses also exacerbated the loss. Jingcheng Machinery Electric's main business is divided into two segments: gas storage and transportation, and intelligent manufacturing.
Beijing Jingcheng Machinery Electric Co LtdWidening loss due to hydrogen energy and other emerging businesses still in early cultivation, market scale not meeting expectations, and intense competition.