Performance forecasts for 9 companies including Huike, Konka, and Changhong are released

Recently, nine companies - Huike, Konka, Sichuan Changhong, Xingguang Co., Ltd., Zhongjing Electronics, Weish Electronics, Smartway, Langte Intelligent, and Xiaosong Technology - released performance forecasts for the first half of 2026.

From the perspective of performance, Smartway and Sichuan Changhong are expected to achieve year-on-year net profit growth; Konka, Xingguang Co., Ltd., Zhongjing Electronics, Weish Electronics, and Xiaosong Technology are expected to suffer losses, while Huike and Langte Intelligence are expected to have net profits decline year-on-year.

Huike

On July 15, Huike disclosed an announcement on stock trading changes. According to the announcement, the company expects operating income from January to June 2026 to be 20 billion to 22 billion yuan, with a year-on-year change rate of 5.28% to 15.81%; the net profit attributable to the owners of the parent company is 1.85 billion to 20. 500 million yuan, with a year-on-year change rate of -14.42%~-5.17%; net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 1.5 billion yuan~1.6.5 yuan, with a year-on-year change rate of -4.93%~4.58%.

The announcement also shows that Huike is planning to establish a wholly-owned subsidiary and is expected to meet information disclosure standards. This transaction is not expected to constitute a related transaction and is not expected to constitute a major asset restructuring. At present, the above-mentioned matters are still in the planning stage and there are still uncertainties. The company's recent production and operation conditions have been normal, and there have been no major changes in the internal and external operating environment.

Huike has also recently accelerated its industrial layout in Sichuan. On June 10, Chengdu Huixin Semiconductor R&D Co., Ltd. was established, focusing on the fields of optoelectronic devices and electronic special materials. Subsequently, the Huike electrolytic copper foil project was signed in Nanchong, and the polymer composite advanced materials project was launched in Mianyang, further improving the company's layout in the fields of new materials and display industry chain supporting areas.

Konka

Konka expects a net profit loss attributable to shareholders of listed companies in the first half of 2026 of 180 million yuan to 130 million yuan.

The company stated that in the first half of the year, it continued to promote professional integration, optimize business structure, and improve the operational efficiency of the entire chain of research, production, supply, sales, and service through lean management, and expenses continued to decline during the period. At the same time, the investment income of joint-stock companies increased significantly year-on-year, driving the overall loss to narrow compared with the same period last year.

However, the company's overall performance is still in the red, mainly affected by two factors: First, the upstream supply chain of the consumer electronics business continues to fluctuate, product costs continue to rise, product structure and price strategy adjustments fail to fully offset the cost pressure, gross profit margins are further pressured, and operating profits are still in the red; second, the semiconductor business is still in the early stages of industrialization, and although some products have achieved industrial sales, economies of scale have not yet been formed, and the overall business is still in the investment stage, which has a certain drag on performance.

Sichuan Changhong

Sichuan Changhong estimates that the net profit attributable to shareholders of listed companies in the first half of 2026 will be 1.58 billion to 1.9 billion yuan, a year-on-year increase of 215.42% to 279.31%.

During the reporting period, the net profit attributable to shareholders of listed companies is expected to increase significantly compared with the same period last year, mainly due to the significant increase in non-recurring gains and losses, caused by the increase in the fair value of the invested enterprise Sichuan Huafeng Technology Co., Ltd.

The net profit attributable to shareholders of listed companies, excluding non-recurring gains and losses, is expected to drop significantly compared with the same period last year, mainly affected by multiple factors such as overseas geopolitical conflicts, rising bulk raw materials, changes in tariff policies, weak terminal demand, intensified industry competition, increased brand promotion, and weak demand in the real estate industry.

Facing the complex and severe international environment and the downward pressure on the domestic economy, in the second half of 2026, the company will adhere to the business policy of "responding to risks and seizing opportunities, strengthening the foundation and improving quality and efficiency, and integrating innovation for development", adhere to the user-centered approach, continue to strengthen technological innovation, deepen AI's empowerment of products, continuously improve the quality and efficiency of operations, and maintain a stable development trend overall.

Starlight Shares

Starlight Shares is expected to achieve operating income of 205 million yuan to 230 million yuan in the first half of 2026, compared with operating income of 92.9634 million yuan in the same period last year; net profit loss attributable to the parent company is 18 million yuan to 14 million yuan, compared with a loss of 2.6609 million yuan in the same period last year.

During the reporting period, the company's photovoltaic components and semiconductor LED lamp bead packaging business revenue increased significantly, resulting in the company's operating income in the first half of 2026 growing significantly year-on-year; affected by industry macro-policy regulation and periodic fluctuations in market supply and demand, the raw material procurement costs of some of the company's products increased significantly, resulting in a decline in overall gross profit margin and a year-on-year decrease in operating profit.

In addition, the company increased investment in research and development resources in some business segments, and research and development expenses increased year-on-year. In addition, as the company increased its long-term leasing business and bank financing of plants and equipment, related financial expenses increased.

Zhongjing Electronics

Zhongjing Electronics expects a net profit loss attributable to shareholders of listed companies in the first half of 2026 of 90 million yuan to 80 million yuan.

Zhongjing Electronics stated that the core reason for the periodic losses during the reporting period was the irrational price increase of upstream raw materials. Driven by the geopolitical situation and the diversion of demand in the AI industry chain, the purchase prices of core materials such as substrates, copper foil, fiberglass cloth, and gold salt have increased. At the same time, supplier delivery cycles have lengthened, and stocking costs and capital occupation costs have increased accordingly.

Although the company is promoting simultaneous price adjustments for its products, due to the constraints of existing long orders and the customer price adjustment approval process, there is a lag in price transmission, and the current cost pressure cannot be effectively digested. At present, the company has sufficient reserves of orders on hand, and there are no major adverse changes in core competitiveness and industry status.

Weishi Electronics

Weishi Electronics expects to achieve a net profit attributable to shareholders of listed companies of -55.68 million yuan to -48.00 million yuan in the first half of 2026. Compared with the same period last year, there will be a loss.

The company stated that the change in performance from profit to loss during the reporting period was mainly affected by main business factors. On the one hand, the subsidiary's new production lines are still in the production capacity ramp-up stage, and the amortization of fixed costs is relatively high, which has put periodic pressure on gross profit margins and operating profits.

On the other hand, the impact of exchange rate fluctuations has turned from a positive contribution in the same period last year to a negative impact. At the same time, industry competition has intensified, customers have increased pressure to reduce prices, and the decline in product selling prices has led to a decline in gross profit margins, resulting in increased revenue without increasing profits. The company also stated that non-recurring gains and losses and accounting treatments will have little impact on the current period's performance.

Sweetway

Smartway expects to achieve operating income of 4.5 billion to 4.7 billion yuan in the first half of 2026, a year-on-year increase of 19%-24%; net profit attributable to the parent company is 510 million to 530 million yuan, a year-on-year increase of 29%-34%.

During the reporting period, the company focused on the "3+AI" core development strategy and based on its three main businesses of smart security and AIoT applications, smartphones, and automotive electronics, continued to promote AI-related technologies and product layout, and built a "high-precision sensing-high-speed interconnection-intelligent computing" technology system. The company continues to deepen cooperation with existing customers and further expands customer coverage, driving year-on-year growth in revenue from its three major businesses.

At the same time, new businesses such as AI Smart Vision Ecosystem have made positive progress, which together with the main business have driven the company's revenue growth. With the expansion of revenue scale and improvement of profitability, the company's net profit will achieve significant growth in the first half of 2026.

Langte Intelligence

Langte Intelligence expects to achieve operating income of approximately 744 million yuan in the first half of 2026, a decrease of 7.74% from the same period last year; the net profit attributable to shareholders of listed companies is expected to be 4.8 million to 7.2 million yuan, a decrease of 87.48% to 91.65% from the same period last year.

Regarding the performance changes, the company stated that firstly, the exchange rate of the US dollar against the RMB continued to decline during the reporting period, which is expected to cause an exchange loss of approximately 39 million yuan, which will have a greater impact on profits; secondly, industry competition intensified, and the purchase price of upstream core raw materials increased, which will put certain pressure on profitability in the short term; thirdly, the newly-held subsidiary Youka Intelligent Technology Co., Ltd. is still in the initial stage of its business, and its early R&D investment and market development expenses are relatively high, which will have a certain impact on the company's short-term profits.

Xiaosong Technology

Xiaosong Technology expects a net profit loss of 80 million to 40 million yuan in the first half of 2026.

The company stated that during the reporting period, product orders decreased and operating income declined; at the same time, affected by the decrease in orders, production capacity utilization was insufficient and fixed cost sharing pressure increased, which had an impact on profitability. In addition, the company recognizes losses of participating companies based on its shareholding ratio, and the corresponding investment income decreases, further dragging down the current performance.