Naer Technology disclosed its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 38 million yuan and 51 million yuan, a year-on-year decline of 55.55% to 66.88%. Deducted non-recurring net profit is expected to be between 30 million yuan and 40 million yuan, a year-on-year decline of 46.09% to 59.57%. The company stated that the decline in performance was mainly due to a non-recurring investment gain of over 33 million yuan from the sale of equity in an associate in the same period last year, exchange losses caused by the appreciation of the yuan against the US dollar, and rising upstream raw material prices pushing up costs.
Shanghai Nar Industrial Co LtdNet profit forecast to drop 55-67% YoY due to lower non-recurring gains, FX losses, and higher raw material costs.