According to the Zhitong Finance App, Yubang Electric Power (688597.SH) released a performance forecast for the first three quarters of 2026. It is estimated that the net profit attributable to the owners of the parent company in the first three quarters of 2026 will experience a loss compared with the same period of the previous year (statutory disclosure data), achieving a net loss of 65.93 million yuan to 72.87 million yuan attributable to owners of the parent company.

Net profit losses attributable to owners of the parent company were mainly due to the combined effects of declining revenue of smart power products, falling gross margin, and rising period expenses. The details are as follows: 1. Revenue for the current period increased slightly compared to the same period of the previous year, but the revenue structure changed significantly. Smart power products with high gross margins were affected by delays in customer delivery, and the revenue share dropped sharply compared to the same period last year; 2. The smart power products delivered in this period were affected by falling bid prices and rising raw material prices; 3. The gross margin decreased due to the decline in R&D investment, new business, and overseas market promotion. As a result, employee remuneration and travel expenses increased compared to the same period last year.

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.