Ningbo Fubang announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 50 million and 60 million yuan, representing a year-on-year increase of 416.54% to 519.85%. The change in performance is mainly due to the shift of core business to electrical contact materials, optimization of product structure and cost control, as well as the recognition of investment income from equity transfers. The company's net profit for the first quarter was 28 million yuan, and net profit for the second quarter is expected to be between 22 million and 32 million yuan, representing a quarter-on-quarter change ranging from a decline of 21% to an increase of 14%.
Ningbo FubangExpects net profit to rise 417%-520% YoY due to business shift, cost control, and investment income.