Lanzhou LS Heavy Equipment disclosed its earnings forecast, expecting a net loss attributable to the parent company of 144 million to 180 million yuan in the first half of 2026, compared with a profit of 3.937 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 164 million to 200 million yuan, compared with a loss of 15.3899 million yuan in the same period last year. The company stated that intensified competition in the traditional energy equipment industry led to lower product selling prices, and operating revenue failed to reach the break-even point. At the same time, market development for the new metal materials business fell short of expectations, and insufficient capacity release from new production lines made it difficult to fully amortize fixed costs, jointly resulting in operating losses. In addition, some downstream customers entered bankruptcy liquidation proceedings, and the company accordingly made credit impairment provisions, further widening the loss. The impact of non-recurring gains and losses on net profit in this period is approximately 20 million yuan.
Lanzhou LS Heavy Equipment CoIntensified competition in traditional energy equipment industry led to lower selling prices and operating losses.