Great Wall Electric (600192.SH) issued a forecast loss. The net loss for the first half year is estimated to be about 136 million yuan

According to the Zhitong Finance App, Great Wall Electric (600192.SH) issued an announcement. The company expects to achieve net profit attributable to shareholders of listed companies for the first half year of 2026, compared with the same period of the previous year (statutory disclosure data), and realized net profit attributable to shareholders of listed companies of about -136 million yuan.

The main reason for the pre-loss in performance: (1) Market demand for the company's main products was insufficient. Affected by increased market competition, the difficulty of obtaining product orders continued to increase, and revenue declined year-on-year. (2) Prices of copper and silver, the raw materials used in the production of major products have risen sharply compared to the same period last year, and prices are running high. (3) The gross margin of orders obtained was low, so the revenue scale was insufficient to absorb current costs and expenses. As a result, the current operation still lost money, and the loss increased over the previous year.