Sunward Intelligent Equipment disclosed a performance forecast, expecting attributable net profit for the first half of 2026 to be between 10 million and 14 million yuan, a year-on-year decline of 71.93% to 79.95%. Deducted non-recurring net profit is expected to be a loss of 95 million to 135 million yuan, compared with a loss of 10.981 million yuan in the same period last year. The company stated that the sharp decline in net profit was mainly due to a significant year-on-year increase in exchange losses caused by the appreciation of the yuan against the US dollar and the euro. Although the proportion of overseas revenue increased, operating revenue and gross margin rose year-on-year, and the wholly-owned subsidiary Avmax Group Inc. completed the delivery of some aircraft sales, bringing an increase in asset disposal gains, these partially offset the exchange losses.
Sunward Intelligent Equipment Co LtdYuan appreciation against USD and EUR caused significant exchange losses, slashing net profit by over 70%.