Jointas Chemical disclosed its earnings forecast, projecting a net loss attributable to shareholders of 11 million to 16 million yuan for the first half of 2026, compared with a loss of 8.3016 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 14 million to 20 million yuan, versus a loss of 10.1285 million yuan a year earlier. The company said the decline was mainly due to weak sentiment in the construction engineering market and a drop in downstream project starts, which put pressure on revenue from construction-related products, while higher year-on-year purchase prices for some chemical raw materials pushed up operating costs. Although the industrial adhesives business for new energy vehicles, electronics and electrical, energy storage, and the container segment continued to expand and contributed to optimizing the revenue mix, it has not yet fully offset the decline in traditional operations in the short term. In the second half of the year, the company will promote technology upgrades, optimize production capacity layout, and strengthen cost control to improve profitability.
Guangzhou Jointas Chemical Joint Stock Co LtdWeak construction market and drop in downstream project starts reduce revenue from construction-related products.