Xinneng Taishan disclosed its earnings forecast, expecting a net loss attributable to the parent company of 30.5 million to 39.5 million yuan in the first half of 2026, compared with a profit of 5.3181 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 35 million to 44 million yuan, compared with a profit of 724,700 yuan a year earlier. The company said the change in performance was mainly due to rising raw material prices in the cable business, which reduced product gross margins, while asset impairment losses increased year-on-year and interest income decreased year-on-year.
Shandong Xinneng Taishan Power Generation Co LtdRising raw material prices in the cable business reduced product gross margins, leading to a net loss.