Luyang Energy-Saving disclosed an earnings forecast, expecting attributable net profit for the first half of 2026 to be between 4 million and 6 million yuan, a year-on-year decline of 92.17% to 94.78%. Deducted non-recurring net profit is expected to be between 5.8 million and 7.8 million yuan, a year-on-year decline of 89.48% to 92.18%. The company said the profit decline was mainly due to lower operating revenue caused by the market environment and end-user industries, while product selling prices were under pressure and changes in the sales product mix narrowed profitability. Meanwhile, operating costs and expenses could not be reduced proportionally because of their strong fixed-cost nature.
Shandong Luyang Share Co LtdCompany forecasts first-half 2026 net profit to drop over 90% year-on-year due to lower revenue and margin pressure.