According to the Zhitong Finance App, Binhai Teda Logistics (08348) announced results for the six months ended June 30, 2026, with revenue of 473 million yuan, down 61.1% year on year; profit attributable to company owners was 173,000 yuan, down 82.1% year on year; basic profit per share was 0.05 points.

The main reasons for the decline in revenue: First, the Group continues to optimize the revenue structure, reduce the volume of high-risk, low-margin business, and gradually shrink the scale of the material procurement service business; second, due to the downward environment in the fuel vehicle market, the automotive vehicle and parts supply chain logistics service business has lost customers compared to the same period last year, compounded by the normalization of price competition in the industry, and related service charges continued to decline in line with market conditions. The main reason for the decline in profit attributable to the company's equity holders during the period was due to the combined impact of the decline in the scale of operating income; second, due to market and exchange rate effects, the decline in the performance of the Group's joint ventures led to a decline in investment income.

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