Topband has disclosed its earnings forecast, expecting a net profit attributable to the parent company of 116 million to 149 million yuan for the first half of 2026, a year-on-year decline of 55% to 65%. The company's operating revenue for the same period was approximately 5.809 billion yuan, up 5.57% year-on-year, with second-quarter revenue of about 3.164 billion yuan, a quarter-on-quarter increase of roughly 19.66%. The decline in performance was mainly due to increased exchange losses from the appreciation of the yuan against the US dollar, as well as rising prices of some raw materials and delayed cost pass-through, which put pressure on gross margins. The company continues to push for cost reduction and efficiency improvement, with total expenses for the three categories falling year-on-year. The gross margin of its proprietary smart products improved year-on-year, and second-quarter profit rose quarter-on-quarter compared to the first quarter.
Shenzhen Topband Co LtdYuan appreciation against USD caused exchange losses, reducing net profit.