Tongxing Technology disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 17 million and 20 million yuan, a year-on-year decline of 61.89% to 67.61%. Deducted non-recurring net profit is expected to be between 14 million and 19 million yuan, a year-on-year drop of 62.28% to 72.21%, with basic earnings per share of 0.13 yuan to 0.15 yuan. The company said the profit decline was mainly due to phased adjustments in downstream market demand, a fall in the scale of orders on hand, and delays in customer project construction and commissioning that slowed product delivery and revenue recognition, compounded by rigid operating cost outlays. Tongxing Technology's main businesses include flue gas treatment environmental engineering, catalyst research and production, carbon dioxide capture and resource utilization, and key materials and devices for sodium-ion batteries.
Tongxing Environmental ProtectionCompany expects net profit to drop over 60% due to phased adjustments in downstream demand, falling order scale, and delayed customer projects.