TongKun Group Co Ltd

Tongkun Group released its 2026 interim report, with total operating revenue of 52.709 billion yuan and net profit attributable to the parent company of 4.222 billion yuan. Net cash flow from operating activities was negative 718 million yuan, a decrease of 417 million yuan compared with the same period last year. The company's asset-liability ratio was 64.86%, gross margin was 10.04%, return on equity was 9.92%, and diluted earnings per share was 1.78 yuan. The number of shareholders was 55,500, and the top ten shareholders held 48.57% of the total share capital.

Wens Foodstuff Group disclosed a first-half net loss of 4.366 billion yuan, swinging from profit to loss year on year. Tongkun Group reported first-half net profit of 4.222 billion yuan, up 285.03 percent year on year. Wuhan Guide Infrared saw net profit rise 646.81 percent year on year and plans to pay a dividend of 1 yuan for every 10 shares. Sinomine Resource Group said its lithium sulfate project in Zimbabwe with annual capacity of 100,000 tonnes is expected to be completed and put into production by mid-2027. A total of 119 stocks received buy ratings from institutions today. Among them, East Money Information was given a target price of 31.20 yuan by Guotai Haitong Securities, implying upside of 64.82 percent. On the list of top traded stocks, Hengtong Optic-Electric topped institutional net buying at 656 million yuan, while also attracting net northbound buying of 754 million yuan.

Tongkun Group achieved double growth in revenue and net profit in the first half, with net profit attributable to the parent company rising nearly threefold year on year. The company's 2026 interim report shows first-half revenue of 52.709 billion yuan, up 19.36 percent year on year; net profit attributable to the parent of 4.222 billion yuan, up 285.03 percent; and net profit attributable to the parent after deducting non-recurring items of 4.006 billion yuan, up 280.03 percent. The earnings growth was mainly driven by recovering profitability in core products such as polyester filament yarn and PTA, as well as improved results at its associate Zhejiang Petrochemical. In the first half, the company's investment income from associates and joint ventures was 1.676 billion yuan, compared with 424 million yuan a year earlier; Zhejiang Petrochemical posted net profit of 8.275 billion yuan, compared with 2.132 billion yuan in the prior-year period.

Tongkun Group disclosed its earnings forecast, expecting a net profit attributable to shareholders of 4.1 billion to 4.5 billion yuan in the first half of 2026, representing a year-on-year increase of 273.92% to 310.4%. Deducted non-recurring net profit is expected to be 3.88 billion to 4.28 billion yuan, up 268.12% to 306.07% year-on-year. The company stated that the profit growth was mainly due to the continuous optimization of industry supply and demand, with the processing spreads of polyester filament yarn and PTA products significantly recovering compared to the same period last year, expanding profitability. In addition, the industry in which its associate Zhejiang Petroleum and Chemical Co., Ltd. operates has recovered, with improved profitability for some products, also having a positive impact on performance.