Longtech Smart disclosed its earnings forecast, expecting a net profit attributable to the parent company of 4.8 million to 7.2 million yuan for the first half of 2026, a year-on-year decline of 87.48% to 91.65%. The company's operating revenue for the same period is expected to be 744 million yuan, down 7.74% year-on-year. Deducted non-recurring net profit is expected to show a loss of 2.4 million to 4.8 million yuan, compared with a profit of 50.7388 million yuan in the same period last year. The decline in performance is mainly due to exchange losses of approximately 39 million yuan caused by the depreciation of the US dollar against the renminbi, as well as intensified industry competition and rising upstream raw material prices. In addition, the newly added holding subsidiary Youka Intelligent Technology Suzhou Co., Ltd. is in its start-up phase with high initial investment, which also impacted short-term profits.
Shenzhen Longtech Smart Control Co. Ltd.Exchange losses of ~39 million yuan from USD depreciation against RMB
Start-up phase with high initial investment impacting short-term profits