Tongkun Group disclosed its earnings forecast, expecting a net profit attributable to shareholders of 4.1 billion to 4.5 billion yuan in the first half of 2026, representing a year-on-year increase of 273.92% to 310.4%. Deducted non-recurring net profit is expected to be 3.88 billion to 4.28 billion yuan, up 268.12% to 306.07% year-on-year. The company stated that the profit growth was mainly due to the continuous optimization of industry supply and demand, with the processing spreads of polyester filament yarn and PTA products significantly recovering compared to the same period last year, expanding profitability. In addition, the industry in which its associate Zhejiang Petroleum and Chemical Co., Ltd. operates has recovered, with improved profitability for some products, also having a positive impact on performance.
TongKun Group Co LtdTongkun Group expects net profit up 273-310% YoY in H1 2026, driven by improved processing spreads.
Zhejiang Petrochemical's industry recovery and improved profitability positively impact Tongkun's associate earnings.