Songyang Resources disclosed its earnings forecast, expecting a net loss attributable to the parent company of 28 million to 35 million yuan in the first half of 2026, compared with a loss of 45.6953 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 25 million to 32 million yuan, compared with a loss of 45.8054 million yuan in the same period last year. The company is mainly engaged in the research, development, production and sales of environmentally friendly recycled paper. During the reporting period, through measures such as recovering funds, focusing on the main business, and reducing costs and increasing efficiency, the loss in the papermaking segment narrowed. However, affected by the shutdown of its wholly-owned subsidiary Shantou Songyang New Material Specialty Paper Company, the overall operation remains in a loss-making state with limited improvement.
Guangdong Songyang Recycle Resources Co LtdExpects net loss of 28-35 million yuan in H1 2026, though narrowed from prior year.
Wholly-owned subsidiary Shantou Songyang New Material Specialty Paper Company is shut down, contributing to overall loss.