Guangdian Electric disclosed its earnings forecast, expecting a net loss attributable to shareholders of 22 million to 38 million yuan in the first half of 2026, compared with a profit of 2.34 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 24 million to 40 million yuan, versus a profit of 1.18 million yuan a year earlier. The company said that rising commodity prices pushing up costs and exchange losses from US dollar exchange rate fluctuations are the main reasons for the expected loss. Guangdian Electric's main businesses are complete equipment and power electronics, and components.
Shanghai Guangdian Electric Group Co LtdExchange losses from US dollar rate fluctuations are a main reason for expected loss.