Sunrise Group disclosed an earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 150 million yuan and 180 million yuan, a year-on-year increase of 380.66% to 476.79%. Deducted non-recurring net profit is expected to be between 10 million yuan and 15 million yuan, a year-on-year decline of 45.79% to 63.86%. The company stated that the significant growth in net profit attributable to the parent was mainly due to the disposal of equity in a non-core subsidiary during the period, generating substantial asset disposal gains that boosted profit. The decline in deducted non-recurring net profit was because the Henan smart textile project is still in its ramp-up phase, with returns insufficient to cover current costs and period expenses. Based on the closing price on July 14, Sunrise Group's current price-to-earnings ratio is approximately 18.26 to 21.94 times, price-to-book ratio is about 1.32 times, and price-to-sales ratio is about 0.96 times.
Zhejiang Sunrise Garment Group Co LtdNet profit attributable to parent expected to surge 380-477% due to asset disposal gains.