Sanwei Holdings disclosed its performance forecast, expecting a net loss attributable to the parent company of 140 million to 190 million yuan in the first half of 2026, compared with a loss of 18.6306 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 137 million to 187 million yuan, compared with a loss of 21.3999 million yuan in the same period last year. The company stated that the main reason for the loss is that although the BDO business of its subsidiary Inner Mongolia Sanwei New Materials Co., Ltd. saw year-on-year growth in production, sales volume, and operating revenue, the product gross margin remained under continuous pressure. Coupled with a significant year-on-year increase in depreciation expenses after the project was transferred to fixed assets, the operating performance of this business further declined, thereby affecting the company's overall profitability.
Zhejiang Sanwei Rubber Item CoParent company expects a net loss of 140-190 million yuan in H1 2026, a significant increase from prior year loss.
BDO product gross margin remained under continuous pressure, leading to further decline in operating performance.