Xiangyang Automobile Bearing disclosed its earnings forecast, expecting a net loss attributable to the parent company of 24.5 million yuan in the first half of 2026, compared with a loss of 15.5302 million yuan in the same period last year. The net loss after deducting non-recurring items is 36.18 million yuan, compared with a loss of 21.8829 million yuan in the same period last year, with basic earnings per share of negative 0.06 yuan. The company stated that the loss was mainly caused by the decline in performance of domestic companies and the continued losses of overseas subsidiaries. The decline in sales of major domestic passenger car customers led to shrinking demand, resulting in a year-on-year decline in operating revenue and profit. The overseas factory in Poland continued to suffer losses due to geopolitical factors. The company has dispatched domestic personnel to the Polish factory to fully take over management, promote cost reduction and efficiency improvement measures, and actively expand the market to improve the operating situation.
Xiangyang Automobile Bearing Co LtdLoss widened due to declining sales from major domestic passenger car customers and continued losses at overseas subsidiary.