Jiangsu Tongli Risheng Machinery Co. Ltd.

Tongli Tianqi released its 2026 interim report, with total operating revenue of 959 million yuan, down 14.54% year-on-year. Net profit attributable to the parent company was 19.5872 million yuan, down 83.09% from the same period last year. Net cash flow from operating activities was negative 121 million yuan, down 161.07% year-on-year. The company's asset-liability ratio was 51.30%, gross margin was 16.34%, ROE was 0.91%, and diluted earnings per share was 0.12 yuan. The number of shareholders was 11,100, and the top ten shareholders held 74.28% of the shares.

Tongli Tianqi disclosed its earnings forecast, estimating net profit attributable to the parent for the first half of 2026 at 20.397 million yuan, a year-on-year decline of 82.39 percent. Deducted non-recurring net profit is estimated at 21.6273 million yuan, down 80.85 percent year-on-year. The company attributed the sharp decline in performance mainly to a strategic adjustment in its new energy business, shifting from power station development and transfer to self-developed and self-operated projects. The first phase of the Chengde Weichang shared energy storage power station project, with a capacity of 305 megawatts and 720 megawatt-hours, was completed and put into production in November 2024, and entered commercial operation in November 2025. The Chengde 500-megawatt wind-solar-storage-hydrogen multi-energy complementary integrated energy project and the second phase of the Chengde shared energy storage project, with a capacity of 50 megawatts and 200 megawatt-hours, officially commenced construction in April 2026. Since all these projects are wholly-owned and self-operated, the financial impact during the construction period is mainly reflected in an increase in construction in progress, leading to a rise in the company's asset scale for the first half of 2026 while operating performance fell sharply year-on-year. However, once the projects reach full grid-connected capacity, they will provide the company with stable long-term power generation revenue and cash flow.