Tianneng Co., Ltd. (688819) Issues 2026 H1 Earnings Forecast: Revenue Up YoY While Net Profit Slumps

Published: Aug 12, 2026 13:12

Save

[Lead Market Update] In early August 2026, Tianneng Co., Ltd. released its 2026 semi-annual earnings forecast. The company expects H1 revenue of 21.878 billion - 22.771 billion yuan, up 4.59% - 8.86% YoY; net profit attributable to shareholders of 270 million - 300 million yuan, down 65.46% - 68.92% YoY; and deducted non-recurring net profit of 149 million - 165 million yuan, down 71.98% - 74.70% YoY. The company stated that high prices of upstream raw materials such as sulphuric acid, intensified downstream competition, end-use demand recovery falling short of expectations, combined with the adjustment of the VAT additional deduction policy, exerted pressure on profit margins. This forecast is based on preliminary estimates only; final financial data will be subject to the official semi-annual report. Investors are reminded to pay attention to risks.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Secondary Lead: Loss-Making Secondary Smelters Hope for Price Hikes; Market Stalemate Amid Mixed Long-Short Forces [SMM Lead Daily Review]

1 hour ago

August 12 Scrap Battery Market Transaction Summary [SMM Daily Review]

1 hour ago

3 hours ago

[SMM Analysis] Indonesia Sulphur & Sulphuric Acid Imports H1 2026: Volume, Price, Origin, Ports

3 hours ago