Mega Paints disclosed its earnings forecast, expecting a net profit attributable to the parent company of 35 million to 41 million yuan for the first half of 2026, a year-on-year decline of 62.76% to 68.21%. The company stated that although sales revenue and gross profit from wind power coatings increased year-on-year, sales revenue and gross profit from container coatings fell year-on-year due to declining industry demand, and the revenue contribution from new businesses has a lag effect, while selling expenses also increased.
MEGA P&C Advanced Materials (Shanghai) Company LimitedContainer coatings sales and gross profit fell due to declining industry demand, driving a 62.76%-68.21% net profit drop.