North Glass disclosed its earnings forecast, expecting to achieve operating revenue of 687 million yuan in the first half of 2026, with net profit attributable to the parent company ranging from 5.5 million to 8.2 million yuan, a year-on-year decline of 82.86% to 88.5%. The company stated that the decline in performance was mainly due to a contraction in revenue scale and an increase in period expenses, with operating revenue decreasing by 186 million yuan year-on-year and period expenses increasing by 21 million yuan year-on-year. Deducted non-recurring net profit is expected to be between 600,000 and 900,000 yuan, a year-on-year decline of 97.91% to 98.61%.
Luoyang Northglass Technology Co LtdCompany forecasts net profit to drop over 80% YoY due to revenue contraction and higher expenses.