Henan Tong-Da Cable Co Ltd

Tongda Shares released its 2026 interim report, with net profit attributable to the parent company of 26.1008 million yuan, down 57.82% from the same period last year. Total operating revenue was 3.921 billion yuan, up 8.38% year on year, marking a second consecutive year of growth. Net cash flow from operating activities was negative 483 million yuan, a decrease of 85.0007 million yuan compared with the same period last year. The company's latest asset-liability ratio was 49.23%, gross margin was 6.35%, ROE was 0.97%, and diluted earnings per share was 0.04 yuan.

Tongda Shares disclosed its earnings forecast, expecting a net profit attributable to shareholders of the parent company of 19.18 million yuan to 28.38 million yuan for the first half of 2026, a year-on-year decline of 54.13% to 69%. Deducted non-recurring net profit is expected to be 13.65 million yuan to 20.4 million yuan, a year-on-year decline of 66.26% to 77.42%, with basic earnings per share of 0.0261 yuan to 0.0386 yuan. The company stated that the decline in performance was mainly due to intensified industry competition and fluctuations in raw material prices such as copper and aluminum in the wire and cable segment, leading to a decrease in product gross margins. At the same time, the precision machining and assembly segment for aircraft components experienced phased fluctuations in order placement and product delivery due to a slowdown in downstream customer demand.