Suzhou Tianwo Science and Technology Co Ltd

Tianwo Technology released its 2026 interim report, with net profit attributable to the parent company at negative 77.74 million yuan, a loss widening by 68.68 million yuan compared with the same period last year. The company's total operating revenue was 968 million yuan, down 21.99% year-on-year, and net cash outflow from operating activities was 113 million yuan. The latest asset-liability ratio was 93.20%, gross margin fell to 12.69%, and ROE was negative 71.12%.

Tianwo Technology disclosed an earnings forecast, expecting a net loss attributable to the parent of 65 million to 85 million yuan in the first half of 2026, compared with a loss of 9.0621 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 27 million to 40 million yuan, compared with a profit of 1.4067 million yuan in the same period last year. The company stated that the loss was mainly due to the slowdown of large petrochemical projects affected by the international environment, insufficient demand for traditional petrochemical equipment, a decrease in orders on hand and a decline in gross margin in the high-end equipment manufacturing business, as well as the provision of estimated liabilities for investor claims. During the reporting period, the company reduced non-essential expenditures, and management expenses and interest expenses decreased year-on-year.