Tongqinglou disclosed a profit forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 1.2316 million yuan and 1.8194 million yuan, a year-on-year decline of 97.47% to 98.29%. Deducted non-recurring net profit is expected to be between 315,700 yuan and 466,400 yuan, a year-on-year decline of 99.31% to 99.53%. The company stated that new store openings and the room business led to total depreciation and amortization of 160 million yuan, and new stores are in a customer cultivation phase with periodic losses, while earlier capital investment pushed up financial expenses, jointly dragging down profits. In addition, banquet order volume fell year-on-year, and the average spending per customer in private dining rooms declined, leading to a drop in revenue. The company indicated that banquet bookings for the third quarter have already increased year-on-year, overall operating cash flow remains solid, and the short-term profit pressure is a phase-specific characteristic.
Tongqinglou Dining Co LtdBanquet order volume fell and average spending per customer in private dining rooms declined, leading to a drop in revenue.