Tianneng Co., Ltd. announced that in the third quarter of 2026, it achieved operating income of 11.920 billion yuan, a year-on-year decrease of 4.53%; a net loss of 797.363 million yuan, a year-on-year decrease of 116.23%; after deducting non-net loss of 216 million yuan, a year-on-year decrease of 153.82%. The first three quarters of 2026 achieved operating income of 34.245 billion yuan, an increase of 2.52% year on year; net profit to mother was 202 million yuan, down 85.18% year on year; after deducting non-net loss of 66.364 million yuan, a year-on-year decrease of 106.69%. The pressure on performance is mainly due to high prices of key auxiliary materials, the recovery in downstream demand falling short of expectations, intensifying industry competition, and a downward shift in the product price center to reduce profit margins.

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