Vanward Electric disclosed its earnings forecast, estimating net profit attributable to the parent for the first half of 2026 at 60 million to 88.8 million yuan, a year-on-year decline of 76.56% to 84.16%. Deducted non-recurring net profit is expected to be 50 million to 74 million yuan, down 81.95% to 87.81% year-on-year, with basic earnings per share of 0.08 to 0.12 yuan. The company stated that its domestic business was affected by weaker-than-expected end consumption and intensified channel competition, leading to a year-on-year decline in sales revenue. Export business revenue remained stable in scale, but gross margin experienced a short-term decline due to factors such as the transition of overseas production bases and fluctuations in raw material prices. In addition, financial expenses increased by approximately 23.1 million yuan year-on-year, mainly due to a reduction in exchange gains, and non-recurring gains and losses are estimated at about 9.97 million yuan.
Guangdong Vanward New Electric Co LtdCompany forecasts 76.56%-84.16% drop in first-half 2026 net profit due to weak domestic demand, channel competition, and margin pressure.