Hangzhou Foster Applied Materials Co., Ltd. issued a preliminary earnings estimate for the six months ended June 30, 2026. The company expects net profit attributable to the parent to be RMB 869,308,900, representing an increase of RMB 373,557,200, or 75.35%, from RMB 495,751,700 in the same period last year.
Excluding non-recurring items, net profit is estimated at RMB 751,941,700, up RMB 303,109,600, or 67.53%, from RMB 448,832,100 a year earlier.
The company attributed the growth to three main factors. In its main business, rising prices of photovoltaic resin raw materials due to Middle East geopolitical conflicts boosted the selling price and profitability of its major product, photovoltaic film. Additionally, the dry film used in PCB manufacturing saw increased sales volumes and profitability. Non-recurring gains also rose year-on-year, driven by higher investment income from wealth management products and the reversal of previously provisioned bad debts.
The estimate is unaudited and based on preliminary financial calculations. The company cautioned that final figures will be disclosed in the official 2026 semi-annual report and urged investors to be aware of risks.