According to the Zhitong Finance App, Yubang Electric Power (688597.SH) released a semi-annual performance forecast for 2026. The company expects to achieve net profit attributable to owners of the parent company in the first half of 2026 of -50 million yuan to 42 million yuan, changing from profit to loss over the previous year. The first half of 2026 is expected to achieve net profit of -60 million yuan to -51 million yuan after deducting non-recurring profit and loss attributable to the owners of the parent company, changing from profit to loss over the previous year.

The net profit attributable to owners of the parent company was lost during the reporting period, mainly due to the combined effects of falling gross margin and rising expenses. The details are as follows: the revenue for the current period was basically the same as the revenue for the same period of the previous year, and the revenue share of smart power products with high gross margin was affected by customer delivery delays, and the share of revenue decreased; the winning bid price of smart power products and information technology services delivered in the current period decreased compared to the same period last year, leading to a decrease in gross margin; due to R&D investment, new business and overseas market promotion and development, employee remuneration and travel expenses increased compared to the same period last year.

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