Qingdao Doublestar disclosed its earnings forecast, expecting net profit attributable to the parent company of 110 million to 160 million yuan in the first half of 2026, compared with a loss of 35.41 million yuan in the same period last year, turning from loss to profit year-on-year. Deducted non-recurring net profit is expected to be 80 million to 118 million yuan, with basic earnings per share of 0.0482 to 0.0702 yuan. The company said the change in performance was mainly due to the successful completion of the major asset restructuring with Kumho Tire and the supporting fund-raising project. The two sides have built a comprehensive collaborative cooperation system, fully leveraging the advantages of Kumho brand passenger car tires, driving the optimization and adjustment of product structure and market channels. Despite a significant increase in raw material costs, total profit in the first half still exceeded 1 billion yuan, achieving double growth in total profit and net profit attributable to the parent company.
Kumho TireKumho Tire's brand advantages are cited as a key driver of Doublestar's improved performance, indicating positive impact from the restructuring.
Qingdao Doublestar Co LtdExpects to turn profitable in H1 2026 with net profit of 110-160 million yuan, compared to a loss last year, due to asset restructuring with Kumho Tire.