Tangyuan Electric released its 2026 interim report on August 27. First-half revenue was 174 million yuan, down 40.1% year on year, with a loss of 33.51 million yuan, down 199.7% year on year. Second-quarter revenue was 81.9 million yuan, down 60.9% year on year, and net loss attributable to the parent was 47.79 million yuan, down 282.3% year on year. As of the end of the second quarter, total assets were 1.401 billion yuan, down 9.2% from the end of the previous year, and net assets attributable to the parent were 1.018 billion yuan, down 2.2% from the end of the previous year. The company's main business focuses on machine vision, robot control, embedded computing, digital twins and other areas, providing solutions for smart transportation, smart emergency response and intelligent manufacturing. During the reporting period, smart transportation revenue fell about 34% due to the impact of order delivery cycles, and the waste and solid resource comprehensive utilization business fell about 92% due to proactive contraction and exit. At the same time, higher bad debt provisions for receivables led to a sharp overall decline in performance. The company said it will focus on the core business of intelligent operation and maintenance for rail transit and continue to promote technological innovation and market expansion.
TangYuan ElectricFirst-half loss of 33.51 million yuan, down 199.7% year on year, with revenue down 40.1%.
