Red Sun disclosed its earnings forecast, estimating a net profit attributable to the parent company of 95 million to 105 million yuan for the first half of 2026, compared with a loss of 208 million yuan in the same period last year, achieving a turnaround from loss to profit. The non-recurring net loss narrowed to between 35 million and 45 million yuan, from a loss of 237 million yuan a year earlier. The company said the turnaround was mainly due to continuous improvement in its main business operations and the recognition of gains from debt restructuring at a subsidiary, with non-recurring gains and losses expected to be about 138 million yuan for the period, primarily from the aforementioned debt restructuring gains.
Nanjing Red Sun Co LtdCompany forecasts swing to profit due to improved main business and debt restructuring gains.