Wencan Shares disclosed its earnings forecast, expecting a net loss attributable to the parent company of 180 million to 240 million yuan in the first half of 2026, compared with a profit of 13.11 million yuan in the same period last year. The company expects operating revenue for the period to be approximately 2.798 billion yuan, a slight year-on-year decline of 0.16 percent. The swing from profit to loss was mainly due to high aluminum prices in the first half, which significantly increased raw material costs, and there was a time lag in price adjustments and compensation for some products. At the same time, some downstream customers underwent model generation switches and orders for traditional fuel vehicles declined, leaving gross margins for related products at low levels. In addition, the company incurred exchange losses in the current period, compared with exchange gains in the same period last year. The company stated that it will introduce a number of measures to improve performance going forward.
Guangdong Wencan Die Casting Co LtdHigh aluminum prices increased raw material costs, causing a loss.