Yongda Shares disclosed an earnings forecast, expecting attributable net profit for the first half of 2026 to be between 2.8 million yuan and 4.2 million yuan, a year-on-year decline of 92.77% to 95.18%. Deducted non-recurring net profit is expected to be between 1.3 million yuan and 1.9 million yuan, a year-on-year drop of 94.92% to 96.52%. The company stated that the sharp decline in performance is mainly due to a one-time gain of 17.2062 million yuan from demolition compensation at its subsidiary Jiangsu Jinyuan High-End Equipment in the same period last year, with no such gain this period. At the same time, the tunnel boring machine market is under pressure, intensifying industry competition has led to a decline in segment gross margins, and the wind power business has seen lower profitability due to downstream price pressures.
Xiangtan Yongda Mach Mnfg CoCompany expects first-half 2026 net profit to drop over 90% year-on-year due to absence of one-time gain and margin pressure.
Subsidiary Jiangsu Jinyuan had a one-time demolition gain last year that is not recurring this year, contributing to the profit decline.