ST Yundong disclosed its earnings forecast, expecting a net loss attributable to the parent company of 150 million to 180 million yuan in the first half of 2026, compared with a loss of 143 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 149 million to 179 million yuan, compared with a loss of 146 million yuan a year earlier. The company said the commercial vehicle engine market faces multiple challenges such as rising penetration of new energy vehicles, high and fluctuating oil prices, and intensifying market competition. Engine sales volume declined year-on-year, and the high asset-liability ratio led to a heavy financial expense burden, causing the loss to increase compared with the same period last year. The company is promoting product structure adjustments, with sales of non-road engine products achieving year-on-year growth. Unmanned driving equipment has been applied in scenarios such as sanitation, cultural tourism, and logistics, and the automatic rubber tapping machine has completed performance optimization and is expanding into overseas markets.
Kunming Yunnei Power Co LtdExpects wider net loss in H1 2026 due to declining engine sales and high financial expenses.