Shanzi High-Tech expects attributable net profit to fall 80%–87% year-on-year in the first half of 2026

Earnings
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Shanzi High-Tech disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 28 million yuan and 42 million yuan, a year-on-year decline of 80% to 87%. Deducted non-recurring profit or loss shows a loss of 320 million yuan to 353 million yuan, compared with a loss of 278 million yuan in the same period last year. The company said the decline in performance was mainly due to the non-recurring gain from disposal of a subsidiary in the same period last year, while non-recurring items in the current period mainly consist of debt restructuring gains. At the same time, the vehicle manufacturing business is still in the investment phase and has not yet achieved profitability.

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