Victory Precision disclosed its earnings forecast, expecting a net loss attributable to the parent company of 180 million to 220 million yuan in the first half of 2026, compared with a loss of 42.4101 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 170 million to 230 million yuan, compared with a loss of 52.6809 million yuan in the same period last year. The company stated that the change in performance was mainly due to intensified competition in the consumer electronics and automotive parts industries and product mix adjustments, which led to a year-on-year decline in the main business gross profit. At the same time, the consumer electronics business is mainly settled in US dollars, and the impact of fluctuations in the exchange rate of the renminbi against the US dollar had a negative impact on profits. In addition, increased research and development investment in composite current collector products and the provision for impairment of some assets also dragged down short-term profits.
Suzhou Victory Precision Manufacture Co LtdCompany expects a net loss of 180-220 million yuan in H1 2026, much larger than last year's loss, due to competition, product mix, FX, and impairment.