According to the Zhitong Finance App, Tongguang Cable (300265.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 1,242 billion yuan, an increase of 1.15% over the previous year. Net loss attributable to shareholders of listed companies was 19.623 million yuan. The net loss of non-recurring profit and loss attributable to shareholders of the listed company was RMB 2018.07 million.
During the reporting period, large fluctuations in raw material prices had a significant impact on the company's profitability. For example, prefabricated optical fiber rods are affected by the international supply and demand relationship. Prices have risen sharply and supply is tight, leading to a decline in the capacity utilization rate, sales scale and gross margin of the company's fiber optic cable segment; aluminum prices fluctuated greatly, causing the gross margin of the transmission cable sector to decline compared to the same period last year. Affected by delays in downstream price transmission, low-price orders that the company won earlier were executed centrally in the second quarter, which directly led to the company's losses in the first half of the year. Furthermore, since the fund-raising project “High-end Marine Equipment Energy System Project (Phase I)” completed completion and acceptance on July 11, 2025, and is in the product verification and marketing stage. Affected by the extended review cycle for offshore wind power projects, the products of the project failed to be sold during the reporting period, and depreciation of fixed assets increased compared to the same period last year, affecting the company's profit realization.