Piano disclosed its earnings forecast, expecting a net loss attributable to the parent of 3.86 million to 5.79 million yuan in the first half of 2026, compared with a loss of 12.58 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 32.36 million to 34.29 million yuan, compared with a loss of 19.80 million yuan in the same period last year. The company stated that due to multiple factors such as increased economic uncertainty, weak demand in the home decoration market, and intensified industry competition, its main business revenue continued to decline, and the overall gross margin also decreased compared with the same period last year. In addition, the company realized disposal gains from the sale of some assets of its Tianjin subsidiary, which are incidental and one-time in nature and do not constitute a regular source of profit.
Guangdong Piano Customized Furniture Co LtdWeak demand in home decoration market and intensified competition causing revenue decline and gross margin drop.