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Shengjingwei: Expected net profit for the first half of 2026 to fall 72.87% to 81.92% year-on-year

K-LinePoet
Shengjing Micro announced that it expects net profit attributable to owners of the parent company for the first half of 2026 to be between 2.6 million yuan and 3.9 million yuan, representing a year-on-year decrease of 72.87% to 81.92%. The company’s main product sales are stable, roughly flat with the same period last year; however, revenue and profit declined. The main reasons are weak market demand in the civil explosives industry and intense competition within the industry. The continued downward trend in the economic performance of the civil explosives industry has led to a decline in the average prices of the company’s main products.
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