Jinyan Kaolin New Materials (02693) Fa Ying Guang expects profit attributable to shareholders to drop to about 7 million yuan to 9 million yuan year-on-year in the first half of the year

According to the Zhitong Finance App, Jinyan Kaolin New Materials (02693) issued an announcement. It is expected that the Group will obtain a profit of about RMB 7 million to RMB 9 million for the six months ending June 30, 2026, while the profit attributable to the owners of the parent company of the Group for the six months ending June 30, 2025 is approximately RMB 22.7 million.

It is expected that the decline in profit attributable to owners of the parent company mentioned above is mainly due to sluggish demand in the downstream industry and increased market competition, which put pressure on the company's product orders and sales prices, leading to a decline in product sales revenue; in addition, the company's daily operating and management expenses have increased over the six months ended June 30, 2025.