Landai Technology disclosed its earnings forecast, expecting a net loss attributable to the parent company of 7 million to 13 million yuan in the first half of 2026, compared with a profit of 109 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 27 million to 37 million yuan, compared with a profit of 89.8402 million yuan a year earlier. The company stated that its powertrain business saw revenue decline and net profit turn negative due to intense industry competition and rising raw material costs. Although the touch display business posted slight revenue growth, it was also affected by rising raw material prices and competition, leading to a decline in gross margin and a year-on-year drop in net profit.
Chongqing Landai Powertrain Corp LtdPowertrain business revenue declined due to intense industry competition and rising raw material costs, leading to a net loss.