Phoenix Optics disclosed its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 5.5 million yuan and 7.5 million yuan, a year-on-year decline of 68% to 76%. Deducted non-recurring net profit is expected to be between 4.2 million yuan and 5.6 million yuan, a year-on-year increase of 1% to 35%. The company stated that market expansion in its optical business drove revenue and profit growth, but the continued appreciation of the renminbi led to exchange losses in its export business. Additionally, in the same period last year, the sale of a subsidiary's equity and Shanghai properties increased earnings by 18.62 million yuan, while there were no similar asset disposals in the current period, resulting in a significant decrease in non-recurring gains.
Phenix Optical Co LtdNet profit expected to fall 68%-76% year-on-year due to exchange losses and absence of prior-year asset disposal gains.