Tianbao Infrastructure disclosed its earnings forecast, expecting net profit attributable to shareholders of the parent company for the first half of 2026 to be between 45 million yuan and 65 million yuan, a year-on-year decline of 44.95% to 61.89%. Net profit after deducting non-recurring items is expected to be between 42 million yuan and 62 million yuan, a year-on-year decline of 41.83% to 60.6%. Basic earnings per share are expected to be between 0.0405 yuan and 0.0586 yuan. The company stated that the decline in net profit was mainly due to a wholly-owned subsidiary's residential project undergoing land value-added tax settlement in the same period last year, which reversed a provision for land value-added tax of 170 million yuan, resulting in a larger offset of taxes and surcharges in the same period last year.
Tianjin Tianbao Infrastructure Co LtdCompany expects net profit to decline 44.95%-61.89% YoY due to a one-off reversal of land value-added tax provision in the prior year.