Xinbao Shares disclosed a performance forecast, expecting net profit attributable to the parent in the first half of 2026 to be between 125 million and 155 million yuan, a year-on-year decline of 71.44% to 76.97%. Deducted non-recurring net profit is expected to be between 102 million and 132 million yuan, a year-on-year drop of 75.19% to 80.83%. The company stated that the decline in performance is mainly due to the complex global macro environment, intensified competition in the small home appliance industry, and fierce price wars. At the same time, rising bulk raw material prices and the appreciation of the yuan against the US dollar led to a decline in gross margin. In addition, the company's export business accounts for about 80% of total revenue, and the yuan's appreciation has increased exchange losses. The company has already taken measures such as price increases and cost reduction and efficiency improvement, but the effects have a lag.
Guangdong Xinbao Electrical Appliances Holdings Co LtdCompany forecasts net profit drop over 70% due to macro environment, competition, price wars, raw material costs, and yuan appreciation.