Tongkun Group (601233) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 52.71 billion, up 19.36% year-over-year, with net profit attributable to shareholders at RMB 4.22 billion, a 285.03% increase year-over-year, driven by improved industry supply-demand, cost control, and higher product spreads.

• The company maintained its position as a leading polyester filament producer, with integrated operations from raw materials to finished products, and continued expansion in new materials and green energy.

• Major projects in long fiber, PTA, MEG, and coal mining advanced as planned, supporting vertical integration and cost advantages.

Financial highlights

• Operating income: RMB 52.71 billion, up 19.36% year-over-year.

• Net profit attributable to shareholders: RMB 4.22 billion, up 285.03% year-over-year.

• Operating cash flow: -RMB 717.67 million, down from -RMB 300.28 million year-over-year.

• Basic and diluted EPS: RMB 1.78, up 286.96% year-over-year.

• Gross margin improved due to higher product spreads and cost control.

Outlook and guidance

• The company expects continued industry recovery, with stable demand from downstream textile and apparel sectors.

• Ongoing investment in high-end, differentiated fibers and green manufacturing to drive future growth.