Tiantong Shares disclosed its 2026 semi-annual performance forecast, expecting a net loss attributable to shareholders of the parent company of 220 million to 300 million yuan. The expected loss is mainly due to the photovoltaic upstream specialized equipment business being affected by downstream capital expenditure contraction and industry overcapacity, leading the company to increase provisions for bad debts on accounts receivable and inventory write-downs.
TDG Holding Co LtdPhotovoltaic upstream equipment business hit by downstream capex contraction and industry overcapacity, leading to bad debt provisions and inventory write-downs.