Tongyi Shares released its 2026 interim report on August 28. The company achieved operating revenue of 1.28 billion yuan, down 17.23 percent year on year. Net profit attributable to the parent company was negative 63 million yuan, swinging from profit to loss year on year. Non-GAAP net profit was negative 81 million yuan, down 276.98 percent year on year. The decline was mainly affected by intensifying industry competition, raw material price fluctuations, and weak downstream demand. At the same time, inventory impairment provisions expanded, and operating cash flow turned from positive to negative at negative 104 million yuan. By business segment, electronic materials revenue was 828 million yuan, with a gross margin of only 3.36 percent. Chemical materials wholesale revenue was 292 million yuan, down 42.82 percent year on year, but gross margin improved to 15.14 percent. Revenue from self-produced composite sheet and rod materials was 163 million yuan, up 6.22 percent year on year, with a gross margin of 18.46 percent, showing the resilience of the company's own brand in its premium transformation. The company said that with the start of the 15th Five-Year Plan, emerging fields such as AI computing power, new energy vehicles, and semiconductors are expected to drive demand recovery, but risks such as inventory impairment and cash flow repair remain.
Shenzhen Tongyi Industry Co LtdNet profit swung to a loss of 63 million yuan, with revenue down 17.23% and non-GAAP net profit down 276.98%.
