Release Date: July 15, 2026 Statement Date: July 14, 2026 Statement Time: 17:10:18 Company Code: 2239 Company Name: Yingli-KY
Subject: Announcement on behalf of subsidiary Changchun Yingli Automotive Industry Co., Ltd. regarding its 2026 half-year earnings forecast.
Applicable Clause: Item 51 Factual Date: July 14, 2026
Details: 1. Factual Date: July 14, 2026 2. Company Name: Changchun Yingli Automotive Industry Co., Ltd. 3. Relationship with Company: Subsidiary 4. Cross-shareholding Ratio: 75.90% 5. Reason for Event: The subsidiary, Changchun Yingli Automotive Industry Co., Ltd., has announced its 2026 half-year earnings forecast on the Shanghai Stock Exchange. 6. Response Measures: None 7. Other Matters to be Disclosed:
(1) Based on preliminary calculations by the finance department of Changchun Yingli Automotive Industry Co., Ltd. (hereinafter referred to as the "Company"), the net profit attributable to owners of the parent company for the first half of 2026 is expected to range from RMB -70 million to RMB -105 million, indicating a net loss. The net profit attributable to owners of the parent company, excluding non-recurring gains and losses, is expected to range from RMB -78.08 million to RMB -113.08 million. The financial data included in this earnings forecast have not been audited by certified public accountants.
(2) Operating performance and financial status for the same period of the previous year: Net profit attributable to owners of the parent company was RMB -35.9391 million. Net profit attributable to owners of the parent company, excluding non-recurring gains and losses, was RMB -42.2665 million.
(3) Main reasons for the expected loss in this period: Intensified market competition has led to reduced sales volume of the Company's core products and narrowed profit margins. Additionally, high capital expenditures in prior periods, underutilized production capacity in certain projects, and insufficient realization of economies of scale have collectively resulted in decreased revenue and declining operating performance for the first half of 2026.
(4) In response to the current market environment, the Company will actively promote lean cost management, continuously enhance its core competitiveness, intensify market development efforts, and strive to improve profitability.
(5) The above forecast figures are preliminary estimates only. The final and accurate financial data will be disclosed in the Company's official 2026 half-year report. Investors are advised to exercise caution regarding investment risks.
FACT BOX
- Source: PR Times
- Category: News