Linzhou Heavy Machinery disclosed its earnings forecast, expecting a net loss attributable to the parent of 36 million to 55 million yuan in the first half of 2026, compared with a profit of 50.543 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 90 million to 115 million yuan, compared with a profit of 47.8712 million yuan in the same period last year. The company said the main reason for the change in performance is the low prosperity of downstream industries, with product prices remaining low, leading to a decline in revenue and a decrease in gross profit margin.
Linzhou Heavy Machinery Group Co LtdLow prosperity of downstream industries leading to lower revenue and gross margin.