ST Spring: Net loss of 32.28-37.52 million yuan in the first half of 2026.

*ST ChunTian announced that it is expected that the net profit attributable to shareholders of the listed company in the first half of 2026 will be between -32.28 million yuan and -37.52 million yuan, and the net profit after deducting non-recurring gains and losses will be between -34.55 million yuan and -39.79 million yuan. The net profit for the same period last year was 1.317 million yuan. The main reason for the loss is the poor overall operating conditions of the industry, shrinking consumer market, and declining demand. In addition, the second quarter is the off-season for the industry, the liquor industry is still in a period of deep adjustment, sales are under pressure, and performance is below expectations.