Huafu Fashion disclosed its earnings forecast, expecting net profit attributable to shareholders of the listed company in the first half of 2026 to be between 160 million yuan and 200 million yuan, representing a year-on-year increase of 537.51% to 696.88%. Net profit after deducting non-recurring items is expected to be between 6 million yuan and 8.5 million yuan, compared with a loss of 54.4425 million yuan in the same period last year, achieving a turnaround from loss to profit. The earnings growth was mainly due to the recovery of orders driven by rising raw material cotton prices, as well as non-recurring gains such as approximately 160 million yuan in investment income realized in the first half of the year.
Huafu Top Dyed Melange Yarn Co LtdEarnings forecast shows massive net profit increase and turnaround from loss to profit.
Rising raw material cotton prices are cited as a driver for Huafu's order recovery.