Jinda Holdings (00528) is expected to achieve net profit of not less than 100 million yuan in the first half of the year and turn a year-on-year loss into a profit

According to Zhitong Finance App News, Jinda Holdings (00528) announced that in the first half of 2026, the company expects to achieve net profit of not less than 100 million yuan and net profit attributable to parent company owners not less than 100 million yuan, while net loss of about 122 million yuan and net loss attributable to parent company owners for the same period in 2025 is about 119 million yuan, turning loss into profit respectively.

According to the announcement, the significant improvement in performance is mainly due to (1) after experiencing major market adjustments from the end of 2024 to the second quarter of 2025, linen yarn prices began to gradually rise in the second half of 2025, improving the Group's operating profit margin and overall profitability during the relevant period; and (2) the domestic linen consumer market has become one of the world's largest linen consumer markets, increasing product demand and enhancing overall profitability.