Tianyong Intelligent released its 2026 interim report on August 26. During the reporting period, the company achieved operating revenue of 273 million yuan, up 1.40% year on year, but net profit attributable to the parent company was 7.6816 million yuan, down 15.62% year on year, showing a pattern of rising revenue but falling profit. Non-recurring net profit was 5.4412 million yuan, down 31.62% year on year, and net cash flow from operating activities was 16.8118 million yuan, a sharp year-on-year decline of 56.66%. The company's core revenue source is intelligent equipment for engines and information system integration, which generated revenue of 165 million yuan, accounting for more than 60% of total revenue. Intelligent equipment for new energy vehicles and information system integration generated revenue of 82.6505 million yuan, and intelligent equipment for lithium batteries generated revenue of 15.8708 million yuan. The decline in performance was mainly due to intensified market competition leading to lower gross margins, a 133.40% year-on-year surge in selling expenses, and a 31.08% increase in short-term borrowings to 181 million yuan. Although the company has made progress in solid-state battery and sodium-ion battery production lines as well as humanoid robot framework procurement projects, its traditional powertrain business is affected by downstream automakers' investment pace, limiting room for growth.
Shanghai Tianyong Engineering Co LtdNet profit fell 15.62% with rising revenue but falling profit, due to lower gross margins and higher expenses.
