Pearl River Piano (002678.SZ) issued an advance loss. It is estimated that the net loss will be 115 million yuan to 135 million yuan for the half year

According to the Zhitong Finance App, Pearl River Piano (002678.SZ) released its 2026 semi-annual results forecast. The company expects to achieve net profit attributable to shareholders of listed companies - 135 million yuan to -115 million yuan for the first half year of 2026, compared to -138 million yuan for the same period last year.

Affected by the weak overall momentum of the musical instrument consumer market, the industry is still in a period of deep adjustment. Market demand in the traditional piano business continues to be sluggish, and the revenue scale of the main business is under pressure, which is the main reason for the company's current operating losses. Faced with cyclical downward pressure on the industry, the company took the initiative to dig inward and accurately implement a combination of improving quality and efficiency: optimizing production capacity and process layout, effectively integrating site space resources, revitalizing idle stock assets, optimizing personnel structure, and continuously eliminating inefficient production capacity and reducing operating costs. The aforementioned management improvement measures have paid off, and the current loss margin narrowed year over year.

On this basis, the company accelerates strategic transformation and upgrading, and continues to improve the industrial layout: on the one hand, stabilizing the basic market of traditional piano business, deepening the consumer market segmentation, optimizing the marketing system, and strengthening quality control throughout the process; on the other hand, vigorously developing new businesses such as scenic spot operation and entertainment lighting, continuing to cultivate new momentum for the company's medium- to long-term sustainable and high-quality development.