Guangdong Tengen Industrial Group C

Tianyuan Shares released its 2026 interim report on August 28. Revenue and profit both declined during the reporting period, but export business grew against the trend. The company achieved operating revenue of 473 million yuan, down 4.90 percent year on year. Net profit attributable to the parent company was 29.44 million yuan, down 6.41 percent year on year. Non-GAAP net profit was 25.17 million yuan, down 14.59 percent year on year. Net cash flow from operating activities was 58.23 million yuan, a sharp year-on-year decline of 53.30 percent. Export business revenue was 123 million yuan, up 18.49 percent year on year, and its share of total revenue rose to 25.98 percent, offsetting an 11.06 percent decline in the domestic market. Financial expenses surged 135.99 percent year on year, mainly due to increased foreign exchange losses. As a green packaging technology research and development center under the State Post Bureau, the company has technical reserves in green products, but it faces risks from raw material price fluctuations, bad debts on accounts receivable, and inventory impairment pressure.