Tongqinglou released its 2026 interim report, showing first-half net profit attributable to the parent of only 1.4 million yuan, a sharp year-on-year decline of 98.1%. Operating revenue was 1.328 billion yuan, down 0.2% year on year; non-GAAP net profit attributable to the parent was 450,000 yuan, down 99.3%; net operating cash flow was 307 million yuan, down 6.4%; earnings per share were 0.01 yuan. In the second quarter, operating revenue was 611 million yuan, down 4.3% year on year, while net profit attributable to the parent recorded a loss of 15.37 million yuan, down 176.2% year on year. As of the end of the second quarter, total assets were 6.145 billion yuan, up 3.2% from the end of the previous year; net assets attributable to the parent were 2.318 billion yuan, up 0.5% from the end of the previous year. The company said demand for its catering business remains strong, but banquet business order volume declined somewhat due to the high base in 2025; the hotel business drove room growth through multi-format collaboration, with Fumao Hotel now operating 12 stores; and the food business plans to begin building a food processing plant in the second half of 2026 to enhance supply chain capabilities.
Tongqinglou Dining Co LtdFirst-half net profit attributable to parent plunged 98.1% to 1.4 million yuan, with Q2 net loss of 15.37 million yuan.
