Pearl River Piano disclosed its performance forecast, expecting a net loss attributable to shareholders of 115 million to 135 million yuan in the first half of 2026, compared with a loss of 138 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 116 million to 136 million yuan, compared with a loss of 139 million yuan a year earlier. Basic loss per share is estimated at 0.08 to 0.1 yuan. The company stated that overall momentum in the musical instrument consumer market remains weak, and demand for the traditional piano business is sluggish, putting pressure on main business revenue. However, through measures such as optimizing production capacity, integrating resources, and reducing costs, the loss margin has narrowed year-on-year.
Guangzhou Pearl River Piano Group Co LtdCompany expects a net loss of 115-135 million yuan due to weak consumer demand and sluggish traditional piano business.