STOCKS | Daqing Huake Expects First-Half Net Profit to Fall 50.35% to 61.39% Year Over Year

Daqing Huake said it expected net profit for the first half of 2026 to be 3.5 million yuan to 4.5 million yuan, down 50.35% to 61.39% year over year. According to Jin10, the company said its year-over-year performance decline during the reporting period was mainly affected by geopolitical conflict in the Middle East, which led to sharp volatility in international crude oil prices. The company said the swings in crude oil prices intensified fluctuations in its raw material procurement costs and product selling prices. It added that downstream customers showed a clear wait-and-see attitude, and that a timing mismatch between raw material price changes and product price changes ultimately compressed its gross margin, resulting in a year-over-year decline in operating performance.