Nanfang Precision has disclosed its earnings forecast, estimating that net profit attributable to the parent company for the first half of 2026 will be between 52 million yuan and 75 million yuan, a year-on-year decline of 67.32% to 77.34%. Deducted non-recurring net profit is expected to be between 50 million yuan and 64.8 million yuan, down 0.07% to 22.89% year-on-year. The company stated that the sharp drop in net profit is mainly due to the high base of fair value changes and investment income in the same period last year, which together affected pre-tax profit by 193.99 million yuan, while the current reporting period is expected to see only 12 million yuan to 15 million yuan, all of which are non-recurring items. Nanfang Precision is primarily engaged in the research, development, production, and sales of precision components such as precision bearings and one-way clutches.
Jiangsu Nanfang Bearing Co LtdCompany forecasts net profit to fall 67%-77% YoY due to lower fair value changes and investment income.