Zhenai Home Textiles disclosed a performance forecast, expecting attributable net profit for the first half of 2026 to be between 14.04 million yuan and 20.54 million yuan, a year-on-year decline of 89.57% to 92.87%. Deducted non-recurring net profit is expected to be between 10.83 million yuan and 15.85 million yuan, down 43.07% to 61.1% year-on-year. Basic earnings per share are projected at 0.0975 yuan to 0.1426 yuan. The company stated that the sharp drop in net profit is mainly because in the same period last year, the after-tax net gain of 161.8767 million yuan from the expropriation compensation for the former Xucun factory site of subsidiary Zhenai Blanket was included in non-recurring gains and losses, while there is no similar gain this period. At the same time, exchange rate fluctuations led to increased exchange losses, and the expansion of financing scale pushed up interest expenses, causing financial costs to rise.
Zhejiang Truelove Vogue Co LtdCompany expects first-half 2026 net profit to drop over 89% year-on-year due to absence of prior-year land compensation gain and higher financial costs.