Tianyang Hot Mel

Tianyang New Materials released its 2026 interim report, with total operating revenue of 337 million yuan, down 28.04 percent year on year, and net profit attributable to the parent company of 6.1651 million yuan. Net cash inflow from operating activities was 65.0407 million yuan, the asset-liability ratio was 27.62 percent, gross margin was 32.13 percent, and return on equity was 0.47 percent. Diluted earnings per share were 0.01 yuan, total asset turnover fell 4.82 percent year on year, and inventory turnover fell 22.86 percent year on year. The number of shareholders was 30,200, and the top ten shareholders held 39.33 percent of total share capital.

Tianyang New Material's controlling shareholder, Bairui Xingyang, has pledged 12.98 million shares, representing 18.35% of its holdings and 3.00% of the company's total share capital. Following this pledge, Bairui Xingyang has cumulatively pledged 21,633,683 shares, accounting for 30.58% of its holdings and 5.00% of the company's total share capital. Bairui Xingyang and its concert party, Weichuang Jiaze, together hold 21.35% of the company's total share capital, with cumulative pledged shares representing 46.84% of their combined holdings and 10.00% of the company's total share capital. The company stated that the pledge risk is controllable, and if margin call risks arise, it will take measures such as supplementary pledges to address them. Tianyang New Material has reported consecutive annual losses in recent years, with net losses of 56.59 million yuan, 94.21 million yuan, 213 million yuan, and 244 million yuan from 2022 to 2025 respectively. However, the company has halted its photovoltaic encapsulation film business to stem losses and expects to turn profitable in the first half of 2026.