Hangya Technology disclosed an earnings forecast, estimating net profit attributable to the parent company for the first half of 2026 at 50 million to 55 million yuan, a year-on-year decrease of 10.15% to 18.32%. The company attributed the decline mainly to increased exchange losses from the depreciation of the US dollar and higher credit impairment provisions, which dragged down net profit. Revenue for the same period is expected to be 370 million to 380 million yuan, a slight year-on-year increase of 0.17% to 2.88%, with second-quarter revenue up 15.80% to 21.63% quarter-on-quarter and net profit up 49.56% to 74.51% quarter-on-quarter, indicating improving operating quality between quarters. The company focuses on key components for aircraft engines and gas turbines, as well as medical orthopedic implant forgings, and is currently advancing a 600 million yuan convertible bond, with proceeds earmarked for a smart manufacturing base in Malaysia, capacity expansion, and working capital replenishment.
Wuxi Hyatech Co. Ltd. AFirst-half net profit expected to drop over 10% due to exchange losses and credit impairments.