Xiangteng New Materials disclosed its earnings forecast, expecting a net loss attributable to the parent company of 19 million to 26 million yuan in the first half of 2026, compared with a loss of 11.6875 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 19.5 million to 26.5 million yuan, compared with a loss of 11.6365 million yuan a year earlier. Basic loss per share is estimated at 0.28 yuan to 0.38 yuan. The company is mainly engaged in the research, development, production, precision processing, and sales of various thin-film devices in the new display field. Revenue for the period increased compared with the same period last year, but net profit remained negative due to higher costs and expenses. This was mainly because the optoelectronic thin-film device production project was transferred to fixed assets in batches and gradually put into production during 2025, leading to increased depreciation of fixed assets and higher costs for utilities. Additionally, the appreciation of the renminbi against the US dollar caused greater exchange losses, and intensified market competition pushed up selling expenses.
Jiangsu Topfly New MaterialsCompany expects widened net loss of 19-26 million yuan in H1 2026 vs loss of 11.7 million a year ago.