Shengjingwei announced that it is expected to achieve net profit of 2.6 million yuan to 3.9 million yuan in the semi-annual year of 2026, a year-on-year decrease of 72.87% to 81.92%. The sales volume of the company's main products is stable, which is basically the same as the same period last year, but revenue and profit declined mainly due to poor market demand in the civilian explosion industry and intense competition within the industry. The continued downward trend in the economic operation of the civilian explosion industry led to a decline in average prices for major products.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.