*ST Mogao disclosed its earnings forecast, expecting a net loss attributable to shareholders of 23 million to 31.5 million yuan in the first half of 2026, compared with a loss of 31.8645 million yuan in the same period last year. The net loss after deducting non-recurring items is also expected to be 23 million to 31.5 million yuan, versus a loss of 31.8433 million yuan a year earlier. The company stated that the domestic wine market remains sluggish, leading to lower-than-expected sales. Compound liquorice tablets saw both volume and price decline due to deep industry adjustments. The degradable materials business faces intense competition, and the proportion of degradable mulch film and express bags in the film and bag business is still low. Losses across all segments have not been reversed.
Gansu Mogao Industrial Development Co LtdDomestic wine market sluggish, sales lower than expected; compound liquorice tablets volume and price decline; degradable materials face intense competition.