Kuntai Shares issued an announcement, expecting net profit attributable to the parent for the first half of 2026 to be between 3 million yuan and 3.9 million yuan, a decline of 82.29% to 86.37% compared with the same period last year. The decline in performance is mainly due to the industry environment and market competition leading to a decrease in sales volume of tufted carpet products, rising raw material costs, and a drop in overall operating revenue and gross margin. In addition, to accelerate the strategic layout of global production capacity, the increase in upfront investment in overseas business also had an impact on net profit for the period.
Shandong Kuntai New Material Technology Co. Ltd. ASales volume of tufted carpet products decreased due to industry environment and market competition.