Winbase Tank Terminal disclosed its earnings forecast, expecting a net loss attributable to the parent company of 28.5 million to 37 million yuan in the first half of 2026, compared with a profit of 44.4411 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 38 million to 46.5 million yuan, versus a profit of 37.9706 million yuan a year earlier. The company said the decline in performance was mainly due to narrowing gross margins caused by supply-demand adjustments and intensifying regional competition in the bulk liquid petrochemical storage industry, as well as credit impairment provisions for some overdue receivables in the commercial factoring business. However, this impairment is a non-cash charge, and the company has ample cash flow, so daily operations are not affected.
Zhuhai Winbase International Chemical Tank Terminal Co LtdCompany forecasts net loss due to narrowing gross margins from supply-demand adjustments and intensifying regional competition.