ST Biaozhun disclosed its earnings forecast, expecting a net loss attributable to the parent company of 33 million to 49 million yuan in the first half of 2026, compared with a loss of 8.5216 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 34 million to 50 million yuan, compared with a loss of 11.5139 million yuan a year earlier. The company said the year-on-year widening of losses was mainly due to increased exchange losses caused by exchange rate fluctuations, while intensified competition in the sewing equipment industry led to a decline in operating revenue. ST Biaozhun is one of the major sewing machinery equipment manufacturers in China, providing system solutions and services to customers in industries such as apparel, luggage, home furnishings, and automotive interiors.
XiAn Typical Industries Co LtdIntensified competition in the sewing equipment industry led to a decline in operating revenue, widening losses.