Honghua Group said it expects to swing from profit to loss in the first half of 2026. According to Jin10, the company announced that, based on a preliminary assessment, it expects to record an attributable loss to shareholders of about RMB 20 million to RMB 40 million for the six months ended June 30, 2026.
In the same period a year earlier, Honghua Group recorded an attributable profit to shareholders of about RMB 37.095 million.
The company said the expected loss was mainly due to the impact of geopolitical developments in the Middle East, which put short-term pressure on its business in the region, as well as foreign-exchange losses caused by fluctuations in the RMB-to-U.S.-dollar exchange rate.
Honghua Group Swings to Loss in First Half of 2026
2026-07-07 09:12:54
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