Guangzhou Tongda Auto Electric Co Ltd

Tongda Electric announced plans to distribute a cash dividend of 1 yuan per 10 shares, including tax, to all shareholders, with an estimated total payout of 35.01 million yuan, accounting for 48.21% of net profit attributable to the parent company. In the first half of 2026, the company achieved revenue of 399 million yuan and net profit attributable to the parent company of 72.62 million yuan.

Tongda Electric disclosed its 2026 semi-annual report. In the first half, it achieved operating revenue of 399 million yuan, down 5.28% year-on-year. Net profit attributable to shareholders of the listed company was 72.6186 million yuan, up 128.84% year-on-year. Basic earnings per share were 0.21 yuan. The company plans to distribute a cash dividend of 1 yuan, tax included, for every 10 shares. During the reporting period, affected by factors such as demand adjustments in downstream market segments and the company's continuous product optimization and enhanced overall profitability, operating revenue came under pressure, but overall operating results still showed a positive development trend.

Tongda Electric plans to repurchase shares through centralized bidding, with a buyback amount of no less than 10 million yuan and no more than 20 million yuan. The maximum repurchase price is 15.84 yuan per share, and the company expects to buy back between 630,000 and 1.26 million shares, accounting for 0.18% to 0.36% of total share capital. The buyback period will not exceed 12 months from the date the board of directors approves the buyback plan. The repurchased shares will be used for employee stock ownership plans or equity incentives. In the first quarter of 2026, the company achieved revenue of 209 million yuan and a net profit attributable to the parent company of 63.86 million yuan.

Tongda Electric disclosed its earnings forecast, expecting attributable net profit of 70 million to 88 million yuan in the first half of 2026, a year-on-year increase of 120.59% to 177.31%. Deducted non-recurring net profit is expected to be 72 million to 90 million yuan, up 175.74% to 244.67% year-on-year. The company said the profit growth was mainly due to enhanced overall profitability from product mix optimization and cost reduction and efficiency improvement, as well as value-added tax refunds on software products, increased interest income, and reduced credit impairment losses. Based on the closing price on July 14, Tongda Electric's price-to-earnings ratio is about 24.41 to 27.96 times, price-to-book ratio about 2.04 times, and price-to-sales ratio about 3.33 times.