Tongfang disclosed an earnings forecast, estimating a net loss attributable to the parent of 100 million to 180 million yuan in the first half of 2026, compared with a profit of 145 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 230 million to 310 million yuan, versus a profit of 151 million yuan a year earlier. The company stated that it continued to increase investment in core technology research and development and international market expansion in the first half of the year, with overseas markets achieving growth against the trend. Main businesses such as public safety and digital intelligence industries maintained strong expansion momentum. However, due to the settlement characteristics of industry projects, a large number of projects under construction are still in the investment phase and have not yet met revenue recognition conditions. Revenue from the smart energy business declined year-on-year due to intensified market competition. Financial assets held by some investee companies incurred losses from fair value fluctuations. These factors combined to result in a net loss.
Tsinghuatongfang Co LtdCompany forecasts net loss of 100-180 million yuan in H1 2026 vs profit of 145 million yuan last year.