Meichang Group: Net profit in the first half of 2026 is expected to increase by 248.45%-272.08% year-on-year.

Meichang Co., Ltd. announced that it is expected that the net profit attributable to the shareholders of the listed company from January 1 to June 30, 2026 will be between 295 million and 315 million yuan, a year-on-year increase of 248.45%-272.08%; the net profit after deducting non-recurring gains and losses will be between 265 million and 285 million yuan, a year-on-year increase of 346.83%-380.55%. The performance growth is mainly attributed to tungsten filament diamond wire becoming the mainstream product for cutting photovoltaic silicon wafers. The company's tungsten filament diamond wire shipments have increased by over 40% year-on-year, the amount of recycled waste tungsten filament has increased, and the related business model has increased profitability.