Hebei Haiwei Electronic New Material Technology Co., Ltd. (HAIWEI ELEC) has issued a profit warning indicating that profit attributable to shareholders for the six months ended 30 June 2026 is projected at RMB3.60 million–RMB7.40 million, down 80.0%–90.0% from RMB36.90 million in the prior-year period.

Management attributes the sharp earnings contraction to two principal factors:

1. Gross profit decline: A drop of roughly RMB19.90 million–RMB23.70 million year on year, driven by intensified domestic competition that pushed average selling prices of core capacitor film products lower.

2. Higher foreign-exchange losses: An incremental hit of about RMB12.50 million–RMB13.50 million due to Renminbi appreciation against the Hong Kong dollar, affecting the translation of initial public offering proceeds.

Operational metrics show some resilience. Sales volume of capacitor film products in 1H26 is expected to edge above the same period of 2025, and selling prices have shown signs of recovery since May 2026.

HAIWEI ELEC is finalising its interim results, scheduled for release by end-August 2026. The figures disclosed to date are unaudited and subject to potential adjustments. Shareholders and prospective investors are urged to exercise caution when dealing in the company’s shares.