Zhongqi New Materials disclosed its earnings forecast, expecting a net loss attributable to the parent of 2.6 million to 3.85 million yuan in the first half of 2026, compared with a profit of 2.523 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 8.8 million to 9.85 million yuan, compared with a profit of 449,200 yuan a year earlier. Basic earnings per share are projected at negative 0.01 to negative 0.02 yuan per share. The company said the earnings pressure is mainly due to changes in domestic and international market environments and the cultivation stage of new businesses. The domestic market faces structural adjustments, slowing downstream demand, and rising raw material costs, while the overseas market is dragged by exchange rate fluctuations, adjustments to export tax rebate policies, and intensifying competition. In addition, the high-purity quartz sand and Guangxi quartz silica crystal projects are still in the market expansion stage and have not yet achieved economies of scale. The company is actively promoting market development for related projects, accelerating customer certification, and strengthening cost and expense controls to cultivate new growth points.
Sinostone Guangdong Co LtdCompany expects net loss in H1 2026 vs profit last year, with earnings pressure from market changes and new business cultivation.