Topband issued an announcement, expecting net profit attributable to the parent for the first half of 2026 to be between 116 million and 149 million yuan, a decline of 55% to 65% compared with 330 million yuan in the same period last year. The company's operating revenue for the same period was approximately 5.809 billion yuan, up 5.57% year-on-year, but the profit decline was mainly due to increased exchange losses caused by the appreciation of the yuan against the US dollar, as well as rising prices of some raw materials putting pressure on gross margins. Through cost reduction and efficiency improvement, the company achieved a year-on-year decline in total period expenses. Net profit attributable to the parent and net profit after deducting non-recurring items both grew quarter-on-quarter in the second quarter compared with the first quarter, indicating some improvement in operating conditions.
Shenzhen Topband Co LtdCompany expects net profit to fall 55-65% year-on-year due to exchange losses and raw material cost pressure.
Yuan appreciation against USD increases exchange losses for Topband, strengthening CNY.