Seagull Housing Products disclosed its earnings forecast, expecting a net loss attributable to shareholders of 37 million to 47 million yuan in the first half of 2026, compared with a loss of 26.0458 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 40 million to 50 million yuan, compared with a loss of 29.3468 million yuan in the same period last year. The company stated that although the order backlog grew year-on-year and progress was made in expanding new channels, structural mismatches in some production capacity led to a decline in revenue. In addition, significant upfront investment in new channels meant that revenue realization fell short of expectations, profit margins narrowed, and the current operating results showed a loss. Going forward, the company will accelerate capacity optimization and supply chain coordination, promote faster conversion of the order backlog, and advance cost reduction and efficiency improvement measures to enhance profitability.
Guangzhou Seagull Kitchen And Bath Products Co LtdExpects a larger net loss of 37-47 million yuan in H1 2026 vs 26 million loss last year, with revenue decline and margin pressure.