Tianhong International Group (02678) announced interim results, profit attributable to shareholders of 813 million yuan, an increase of 94% year-on-year

According to the Zhitong Finance App, Tianhong International Group (02678) announced the results for the six months ended June 30, 2026. The group achieved revenue of 11.7 billion yuan during the period, an increase of 6.4% over the previous year; profit attributable to company owners was 813 million yuan, an increase of 94% over the previous year; and the basic profit per share was 0.89 yuan.

The Group's revenue mainly comes from sales of yarn, cloth and fabric. During the period under review, total revenue was approximately RMB 11.7 billion, an increase of about 6.4% over the same period last year. Yarn sales are still the Group's main source of revenue, accounting for about 79.6% of total revenue, amounting to about RMB 9.3 billion, an increase of about 8.4% over the same period last year, mainly driven by year-on-year increases in sales volume and average sales price.

During the review period, the Group further expanded its global market share with flexible multi-regional capacity allocation; at the same time, it closely followed consumer trends, increased investment in R&D, and optimized product structures to lead the production of green and functional yarn products that meet high growth requirements and seize market opportunities. As a result, yarn sales increased by about 7.7% compared to the same period last year to about 415,000 tons, while the average sales price also increased by about 0.7% compared to the same period last year.

The Group's yarn order volume and capacity utilization rate (especially overseas factories) increased year-on-year; with flexible raw material procurement strategies, the average gross margin of yarn increased significantly to 17.3% from 13.9% in the same period last year.