Xueqi Electric disclosed a profit forecast, expecting attributable net profit for the first half of 2026 to be between 10 million yuan and 13 million yuan, a year-on-year decline of 62.85% to 71.42%. Deducted non-recurring net profit is expected to be between 7 million yuan and 10 million yuan, a year-on-year decline of 69.96% to 78.98%. The company is mainly engaged in the research, development, production and sales of refrigerators and commercial display cabinets. During the reporting period, operating revenue grew year-on-year, but net profit fell, mainly due to exchange losses caused by the appreciation of the renminbi, a decline in gross margin from rising raw material prices, and the recognition of share-based payment expenses from the implementation of a restricted stock incentive plan.
Hefei Snowky Elec Co LtdCompany forecasts 62.85%-71.42% drop in first-half 2026 net profit due to exchange losses, rising raw material costs, and share-based payment expenses