Shenzhen Tongye Technology Co.Ltd.

Shenzhen Tongye Technology Co., Ltd. designs, develops, manufactures, sells, and provides after-sales and maintenance services for electrical equipment used in rail transit locomotives and rolling stock in China. Its product lines include power products such as power supply cabinets, chargers, emergency ventilation and auxiliary inverters, train and auxiliary power supply cabinets, on-board bidirectional and supercapacitor charging devices, air conditioning power supplies, hybrid energy storage systems, emergency power supply systems, hydrogen energy bidirectional DC-DC power supplies, and step-down regulated power supplies. The company also offers intelligent control products, including logic control units, suspension and air conditioning controllers, intelligent air conditioning control panels, intelligent solid-state contactors, intelligent electrical control systems, low-voltage electrical appliance monitoring systems, battery management systems, network cards, thermal management systems, and electronic controllers. In addition, it provides motor and fan products such as asynchronous motors, permanent magnet synchronous motors, and ordinary and EC fans, along with accessories for power supplies, intelligent controls, motors, and fans, as well as regular maintenance and fault repair services for rail transit vehicle customers. Its products are used in railway locomotives, urban rail transit vehicles, high-speed trains, and other rail transit locomotives and vehicles, as well as in urban rail transit ground charging systems. Founded in 2000, the company is based in Shenzhen, China.

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Tongye Technology's 2026 interim net profit falls 44.69% year-on-year

Tongye Technology released its 2026 interim report, with net profit attributable to the parent company at 10.4444 million yuan, down 44.69% from the same period last year. Total operating revenue was 178 million yuan, down 5.54% year-on-year; net cash inflow from operating activities was 25.4419 million yuan. The latest asset-liability ratio was 40.81%, up 2.79 percentage points from the same period last year; gross margin was 40.35%, down 2.68 percentage points; ROE was 1.59%, down 1.60 percentage points. Diluted earnings per share were 0.07 yuan, down 44.98% year-on-year.

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Tongye Technology's net profit for the first half of 2026 fell 44.69% year on year

Tongye Technology disclosed its semi-annual report for 2026. In the first half of the year, total operating revenue reached 178 million yuan, down 5.54% year on year. Net profit attributable to the parent company was 10.44 million yuan, down 44.69% year on year. Net profit after deducting non-recurring items was 8.13 million yuan, down 54.38% year on year. The company plans to distribute a cash dividend of 2 yuan per 10 shares, tax included, to all shareholders. Net cash flow from operating activities was 25.44 million yuan, compared with a negative 2.89 million yuan in the same period last year. During the reporting period, basic earnings per share were 0.0723 yuan, and the weighted average return on equity was 1.60%.

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Tongye Technology: Tianjin Invidia plans to reduce stake by no more than 3%

Tongye Technology announced that shareholder Tianjin Invidia Venture Capital Partnership, which holds a 19.77% stake, plans to reduce its holdings by no more than 4,333,300 shares, representing no more than 3% of the company's total share capital, through centralized bidding and block trades.

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