Sofia forecasts first-half 2026 net profit attributable to parent down 78% to 85% year-on-year

Earnings
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Summary · why it matters

Sofia disclosed an earnings forecast, estimating first-half 2026 net profit attributable to the parent at 47.907 million yuan to 70.2636 million yuan, a year-on-year decline of 78% to 85%. Deducted non-recurring net profit is estimated at 98.5622 million yuan to 146 million yuan, down 66% to 77% year-on-year. Basic earnings per share are estimated at 0.05 yuan to 0.07 yuan. The company said the decline in performance was mainly affected by slowing macroeconomic growth, a downturn in the real estate cycle, and insufficient consumer confidence. Competition in the custom furniture industry intensified, fixed costs could not be fully absorbed, and the period expense ratio rose passively. At the same time, adjustments to end-product selling prices led to a year-on-year decline in gross margin. In addition, the impact of non-recurring gains and losses on net profit is estimated at negative 52 million yuan to negative 74 million yuan, mainly due to changes in the fair value of Guolian Securities shares held by wholly-owned subsidiary Guangzhou Sofia Investment Co., Ltd.

Impact on stocks 3

Others · 3 stocks
Suofeiya Home Collection Co Ltd
002572
▼ NegativeDemandrelevance

Company forecasts 78%-85% drop in net profit due to slowing macro, real estate downturn, weak consumer confidence, and intensified competition

Guolian Securities Co Ltd
601456
▼ NegativeCapitalrelevance

Sofia's subsidiary holds Guolian Securities shares, whose fair value change negatively impacts Sofia's net profit

Off-coverage companies 1

广州索菲亚投资有限公司Private▼ Negative
Capitalrelevance

Wholly-owned subsidiary's investment in Guolian Securities shares causes non-recurring losses of 52-74 million yuan