Sanhe Pile disclosed its earnings forecast, expecting net profit attributable to the parent of 15 million yuan for the first half of 2026, a year-on-year decline of 77.42%. The company's operating revenue for the same period is expected to drop 9.7% year-on-year, and net profit after deducting non-recurring items is expected to be 3.5 million yuan, down 92.81% year-on-year. The decline in performance was mainly affected by cyclical adjustments in the industry, weakening demand in the building materials sector, and falling product selling prices, which led to a decline in gross margin. At the same time, the company made credit impairment provisions on receivables. The company emphasized that its operating fundamentals are sound and its core competitiveness has not undergone significant changes.
Guangdong Sanhe Pile Co LtdCompany expects 77.42% drop in net profit due to weakening demand in building materials sector and falling product prices.