According to the Zhitong Finance App, Oaks Electric (02580) announced that it expects the Group to obtain revenue of approximately RMB 17.5 billion for the six months ended June 30, 2026, while revenue for the six months ended June 30, 2025 is approximately RMB 20.09 billion; and net profit for the six months ended June 30, 2026 is approximately RMB 1.1 billion, while net profit for the six months ended June 30, 2025 is approximately RMB 1.87 billion. The decline in revenue was mainly due (among others) to continued geopolitical tension in the Middle East and weak domestic terminal consumer demand. The decline in net profit was mainly due to the continued high cost of raw materials and the continuous appreciation of RMB against major currencies, leading to a decline in the Group's gross margin and an increase in exchange losses.

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.