Sichuan Changhong has released an earnings forecast, estimating that net profit attributable to the parent company for the first half of 2026 will be between 1.58 billion and 1.9 billion yuan, representing a year-on-year increase of 215.42% to 279.31%. The sharp rise in profit is mainly due to a significant increase in non-recurring gains, driven by a rise in the fair value of its investee company Sichuan Huafeng Technology. Net profit after deducting non-recurring items is expected to decline significantly year-on-year, affected by multiple factors including overseas geopolitical conflicts, rising bulk raw material prices, changes in tariff policies, weak end-market demand, intensifying industry competition, increased brand promotion spending, and sluggish demand in the real estate sector.
Sichuan Changhong Electric Co LtdNet profit forecast to surge 215-279% due to non-recurring gains from investee's fair value rise.
Sichuan Huafeng Technology Co. Ltd. AFair value increase of Sichuan Huafeng Technology drives parent's non-recurring gains.