According to the Zhitong Finance App, Tianneng Co., Ltd. (688819.SH) announced that the company expects to achieve net profit of 270 million yuan to 300 million yuan in the half year of 2026, a year-on-year decrease of 65.46% to 68.92%.

During the reporting period, the company's profit margin was squeezed by a combination of factors. Geographic disturbances drive high prices of upstream raw materials such as sulfuric acid, compounded by increased competition in the downstream industry and the recovery in terminal consumer demand falling short of expectations, and the company's main business margin was under downward pressure. At the same time, due to policy adjustments such as value-added tax credits for advanced manufacturing enterprises, the company's other earnings declined year-on-year. The above factors resonated, further narrowing the company's overall profit range.

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