Ming Jewelry disclosed its earnings forecast, expecting a net loss attributable to the parent of 15 million to 22 million yuan in the first half of 2026, compared with a loss of 77.5879 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 16 million to 23 million yuan, compared with a loss of 93.46 million yuan a year earlier. Basic loss per share is expected to be between 0.03 yuan and 0.04 yuan. The company stated that the gross margin of its main gold and jewelry business improved year-on-year and profit scale grew year-on-year, but the photovoltaic cell business continued to incur losses due to industry supply-demand mismatch and price wars. The company has implemented a phased production halt for this business to reduce expenses, and the loss from the photovoltaic cell segment has narrowed compared with the same period last year.
Zhejiang Ming Jewelry Co LtdExpects net loss attributable to parent of 15-22 million yuan in H1 2026, though loss narrowed from prior year.