Tongda Electric disclosed its earnings forecast, expecting attributable net profit of 70 million to 88 million yuan in the first half of 2026, a year-on-year increase of 120.59% to 177.31%. Deducted non-recurring net profit is expected to be 72 million to 90 million yuan, up 175.74% to 244.67% year-on-year. The company said the profit growth was mainly due to enhanced overall profitability from product mix optimization and cost reduction and efficiency improvement, as well as value-added tax refunds on software products, increased interest income, and reduced credit impairment losses. Based on the closing price on July 14, Tongda Electric's price-to-earnings ratio is about 24.41 to 27.96 times, price-to-book ratio about 2.04 times, and price-to-sales ratio about 3.33 times.
Guangzhou Tongda Auto Electric Co LtdEarnings forecast shows significant profit growth due to product mix optimization, cost reduction, and other financial improvements.