Tongfang issued a performance forecast, expecting a net loss attributable to shareholders of the listed company of 100 million to 180 million yuan for the first half of 2026, compared with a restated profit of 145 million yuan in the same period last year, swinging from profit to loss year-on-year. After deducting non-recurring items, the loss is expected to be 230 million to 310 million yuan, versus a restated profit of 151 million yuan a year earlier. The company said the expected loss was mainly due to increased investment in core technology research and development and international market expansion. Although overseas markets achieved counter-cyclical growth, a large number of projects under construction have not yet met revenue recognition conditions. Meanwhile, the smart energy business was affected by the macroeconomic environment, with revenue declining, and financial assets held by some investee companies recorded losses due to fair value fluctuations. In the first quarter of 2026, Tongfang achieved revenue of 1.793 billion yuan, with a net loss attributable to the parent company of 183 million yuan.
Tsinghuatongfang Co LtdExpects net loss of 100-180M yuan in H1 2026, swinging from profit, due to higher R&D and expansion costs, revenue recognition delays, and fair value losses.