Tofflon released its 2026 interim report, with first-half net profit attributable to the parent company at 108 million yuan, up 134.5% year on year. Operating revenue was 2.53 billion yuan, up 4.4% year on year. Net profit attributable to the parent after deducting non-recurring items was 94.44 million yuan, up 270.7% year on year. Net operating cash flow was 91.1 million yuan, down 67.0% year on year. Earnings per share were 0.1406 yuan. In the second quarter, operating revenue was 1.43 billion yuan, up 10.5% year on year, and net profit attributable to the parent was 80.16 million yuan, up 210.9% year on year. As of the end of the second quarter, total assets were 13.613 billion yuan, up 0.8% from the end of the previous year, and net assets attributable to the parent were 7.972 billion yuan, up 0.5% from the end of the previous year. The company noted in the interim report that its internationalization strategy made progress, with international operating revenue reaching 1.04 billion yuan, up 29.24% year on year. The gross margin for domestic business was 25.81%, up 6.36 percentage points from the same period last year. The main risks the company faces include industry competition, economic cycle fluctuations, fundraising and investment projects, external mergers and acquisitions, internal management, human resources, and exchange rate risks, and it has taken corresponding measures to address them.
Shanghai Tofflon Science TechNet profit attributable to parent up 134.5% YoY, with strong Q2 growth and improved margins.
