Sinochem Equipment disclosed its earnings forecast, expecting a net loss attributable to the parent of 48.879 million to 73.3186 million yuan in the first half of 2026, compared with a loss of 18.3759 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 48.2831 million to 72.4247 million yuan, compared with a loss of 26.8148 million yuan a year earlier. The company said the change in performance was mainly due to a decline in operating revenue caused by slowing capital expenditure in the petrochemical industry, as well as one-off expenses such as employee severance benefits arising from the absorption and merger of a subsidiary. In addition, the operating loss of its associate KraussMaffei widened, and the company shared the investment loss based on its 9.24% stake, further dragging down performance.
KraussMaffei Co LtdKraussMaffei's operating loss widened, dragging down Sinochem Equipment's performance via investment loss.