On July 7, several listed companies disclosed their financial results for the first half of 2026, revealing divergent earnings performances. LG Energy Solution saw revenue growth and successfully turned a profit on a quarter-on-quarter basis. Driven by strong business expansion, Wanhua Chemical and Skyworth Digital both forecast an increase in earnings, whereas Ginlong Technologies witnessed a year-on-year decline in net profit due to headwinds from exchange rates and rising expenses.
LG Energy Solution
On July 7, LG Energy Solution released its earnings preview for the second quarter of 2026. Data shows that the company's total Q2 revenue reached 7.56 trillion Korean won (KRW) (approximately 39 billion RMB), representing a year-on-year increase of 24.8% and a quarter-on-quarter growth of 15.3%. Its operating profit stood at 113.3 billion KRW (approximately 580 million RMB), down 77% year-on-year, but successfully reversing the losses recorded in the first quarter of 2026.
For the first half of 2026, LG Energy Solution accumulated a total revenue of 14.12 trillion KRW, up 10.5% year-on-year, while its cumulative operating loss stood at 94.5 billion KRW.
Note: The Q2 2026 results include the estimated impact of the Advanced Manufacturing Production Credit (Section 45X) under the U.S. Inflation Reduction Act (IRA). Excluding these subsidies, the company's Q2 revenue would be 7.32 trillion KRW, with an operating loss of 127.7 billion KRW and an operating margin of -1.7%.
Ginlong Technologies
On July 7, Ginlong Technologies released its H1 2026 earnings preview. The company expects its net profit attributable to shareholders of the listed company for the first half of 2026 to range from 410 million to 460 million RMB, down 23.61% to 31.91% year-on-year. Net profit after deducting non-recurring gains and losses is projected to be between 407 million and 457 million RMB, representing a year-on-year decrease of 16.73% to 25.84%.
Regarding these performance fluctuations, Ginlong Technologies stated that during the reporting period, due to the continuous decline in the exchange rates of currencies like the US dollar, the company incurred a foreign exchange loss of approximately 47.94 million RMB, which reduced profits by about 76.14 million RMB compared to the same period last year. Meanwhile, the company completed the initial grant of its 2026 Restricted Stock Incentive Plan in May. Within the twelve months starting from that date, it expects to generate approximately 18.9718 million RMB in share-based compensation expenses each month.
In addition, affected by changing weather conditions and other factors, the power generation efficiency of the company's renewable energy power production and residential PV power generation system businesses experienced seasonal fluctuations, resulting in a year-on-year decline in power generation hours during this reporting period.
Skyworth Digital
On July 7, Skyworth Digital released its performance forecast for the first half of 2026. The company projects its net profit attributable to shareholders of the listed company for the first half of the year to be between 140 million and 180 million RMB, surging 161.24% to 235.88% year-on-year. Net profit after deducting non-recurring gains and losses is expected to reach 115 million to 150 million RMB, an increase of 141.90% to 215.52% year-on-year.
According to the announcement, this earnings growth was primarily driven by an increase in the sales volume of the company's smart terminal products and the expansion of its revenue scale during the reporting period, along with an improvement in gross profit margin compared to the same period last year.
Wanhua Chemical
On July 7, Wanhua Chemical released its H1 2026 earnings pre-increase announcement. The company expects its net profit attributable to shareholders of the listed company for the first half of 2026 to range from 9.8 billion to 10.4 billion RMB, representing a substantial year-on-year increase of 60.05% to 69.85%. Net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 9.6 billion and 10.2 billion RMB, up 53.75% to 63.36% year-on-year.
Explaining the growth, the company noted that in the first half of 2026, global chemical raw material prices rose due to international political factors and geopolitical conflicts. This, combined with shifts in supply and demand dynamics in certain regions, pushed up market prices for chemical products, thereby enhancing the profitability of the company's products. Meanwhile, the company completed the feedstock diversification upgrade of its Phase I ethylene plant in January 2026, further boosting the cost competitiveness of its petrochemical segment.
Source：EnergyTrend
