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Changgao Electrical: Forecast net profit of 550 million yuan–580 million yuan in the first half of 2026, up 421.27%–449.70% year over year

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Changgao Electricals’ announcement: From January 1, 2026 to June 30, 2026, the net profit attributable to shareholders of the listed company is expected to be in the range of RMB 550 million to RMB 580 million, up 421.27%–449.70% year-on-year for the same period. After deducting non-recurring gains and losses, the net profit attributable to shareholders of the listed company is expected to be RMB 135 million to RMB 150 million, up 35.43%–50.48% year-on-year for the same period. Basic earnings per share are expected to be RMB 0.89/share to RMB 0.93/share, compared with RMB 0.17/share for the same period last year. The change in performance is mainly due to growth in operating revenue, gains from investment recognized upon selling equity in a jointly held company, profit or loss from fair value changes, and investment losses from disposing of loss-making subsidiaries offsetting income tax expense, among other factors.
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