Sunway Chemical disclosed a performance forecast, estimating net profit attributable to the parent for the first half of 2026 at 31 million to 40 million yuan, a year-on-year decline of 66.77% to 74.24%. Deducted non-recurring net profit is expected to be 30 million to 39 million yuan, down 67.41% to 74.93% year-on-year. Basic earnings per share are between 0.0478 yuan and 0.0616 yuan. The company stated that the decline in performance is mainly due to reduced revenue recognition from engineering, procurement and construction contracting business, as well as squeezed gross margins for some products in the chemical segment caused by increased industry capacity and raw material price fluctuations.
Shandong Sunway Petrochemical Engineering Co LtdCompany forecasts net profit down 66.77%-74.24% YoY due to reduced revenue and squeezed margins.