Tianjian Group disclosed its earnings forecast, expecting a net loss attributable to the parent company of 280 million to 380 million yuan in the first half of 2026, compared with a profit of 41.4237 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 303 million to 403 million yuan, compared with a profit of 22.1706 million yuan in the same period last year. The company stated that the change in performance was mainly due to increased downward pressure on the construction industry and intense market competition leading to a decline in gross profit from construction business, as well as a sluggish real estate market resulting in reduced carry-over of property sales and a year-on-year decline in carry-over of high-margin projects.
Shenzhen Tagen Group Co LtdCompany expects a large net loss due to downward pressure on construction industry and sluggish real estate market reducing demand for its construction and property sales.