China First Heavy Industries disclosed its earnings forecast, expecting a net loss attributable to owners of the parent of 2.6 million to 3.8 million yuan for the first half of 2026, compared with a loss of 106 million yuan in the same period last year. After deducting non-recurring gains and losses, the net loss is expected to be 14 million to 22 million yuan, compared with a loss of 212 million yuan a year earlier. The company said the expected loss is mainly due to weakening market demand for equipment manufacturing in sectors such as metallurgical complete sets, with total orders and structure falling short of expectations. Although total profit is positive, the net profit attributable to the parent remains negative after deducting minority shareholders' profit.
China First Heavy IndustriesWeakening market demand for equipment manufacturing in metallurgical complete sets led to lower orders and a net loss.