Pret has disclosed an earnings forecast, estimating attributable net profit for the first half of 2026 at 80 million to 100 million yuan, a year-on-year decline of 51.76% to 61.41%. Deducted non-recurring net profit is expected to be 61 million to 81 million yuan, down 60.29% to 70.1% year-on-year. The company said the profit decline was mainly due to a sharp rise in international crude oil prices pushing up upstream petrochemical raw material costs, while product selling price adjustments lagged, putting pressure on profits. However, the new energy business saw rapid growth in shipment volumes and turned losses into profits, driving overall operating revenue up more than 30% year-on-year. The company stated that raw material prices have recently started to fall, and the impact will weaken in the second half of the year, and it will push forward cost reduction and efficiency improvement to enhance profitability.
Shanghai Pret CompositesSharp rise in crude oil prices increased upstream petrochemical raw material costs, pressuring profits.