Tianneng Co., Ltd. announced that net profit attributable to owners of the parent company is expected to be 270 million yuan to 300 million yuan in the first half year of 2026, a decrease of 65.46% to 68.92% compared with the same period last year; after deducting non-net profit, it is 149 million yuan to 165 million yuan, a year-on-year decrease of 71.98% to 74.70%. The estimated revenue is 21,888 billion yuan to 22.771 billion yuan, an increase of 4.59% to 8.86% year-on-year. Net profit returned to mother for the same period last year was 869 million yuan. The decline in performance was mainly due to high prices of upstream raw materials such as sulfuric acid, increased competition in the downstream industry, and the recovery in terminal consumer demand falling short of expectations. Combined with the effects of policy adjustments such as additional VAT offsets, the gross profit and overall profit range of the company's main business were under pressure.

Tianneng Co., Ltd. announced that net profit attributable to owners of the parent company is expected to be 270 million yuan to 300 million yuan in the first half year of 2026, a decrease of 65.46% to 68.92% compared with the same period last year; deducted non-net profit is 149 million yuan to 165 million yuan, a year-on-year decrease of 71.98% to 74.70%. The estimated revenue is 21,888 billion yuan to 22.771 billion yuan, an increase of 4.59% to 8.86% year-on-year. Net profit returned to mother for the same period last year was 869 million yuan. The decline in performance was mainly due to high prices of upstream raw materials such as sulfuric acid, increased competition in the downstream industry, and the recovery in terminal consumer demand falling short of expectations. Combined with the effects of policy adjustments such as additional VAT offsets, the gross profit and overall profit range of the company's main business were under pressure.