Zhuzhou Times New Material Technology Co Ltd

Times New Material Technology has released its 2026 interim report, with net profit attributable to the parent company of 346 million yuan, up 14.08% from the same period last year. The company's total operating revenue was 10.467 billion yuan, up 13.09% year on year, marking four consecutive years of growth; net profit attributable to the parent company has risen for five consecutive years. Net cash flow from operating activities was negative 1.088 billion yuan, down 246.21% from the same period last year. The company's latest asset-liability ratio is 66.49%, gross margin is 15.30%, ROE is 4.26%, and diluted earnings per share is 0.37 yuan.

Times New Materials announced that between April 1 and June 30, 2026, it signed blade sales contracts with major wind turbine manufacturers, with a total contract value of approximately 3.034 billion yuan including tax. The contracts are divided into domestic and overseas portions. The domestic offshore and onshore wind project contracts are valued at 239 million yuan and 2.471 billion yuan respectively, with blade models of 16 megawatts and 6 to 10 megawatts. The overseas onshore wind project contract is valued at 324 million yuan, with blade models of 4 to 6 megawatts. The contracts have completed internal approval procedures and do not require submission to the board of directors or shareholders' meeting for review. Since the beginning of this year, the company's share price has risen by over 23 percent cumulatively and currently stands at 16.45 yuan per share.