Zhejiang Tengy Environmental Technology (1527) H1 2026 earnings summary

Executive summary

• Revenue surged 142.97% year-over-year to RMB546.25 million for the six months ended 30 June 2026, driven by completion and recognition of several large-scale projects.

• Profit attributable to owners rose 698.20% year-over-year to RMB126.46 million, with profit before tax up 566.92%.

• Gross profit increased 138.33% to RMB203.84 million, though gross margin slightly decreased by 0.72 percentage points to 37.32%.

• No interim dividend was declared for the period.

Financial highlights

• Revenue: RMB546.25 million (up 142.97% year-over-year).

• Gross profit: RMB203.84 million (up 138.33% year-over-year); gross margin: 37.32%.

• Profit attributable to owners: RMB126.46 million (up 698.20% year-over-year).

• Earnings per share: RMB0.94 (up from RMB0.12 year-over-year).

• Working capital: RMB892.85 million as of 30 June 2026.

Outlook and guidance

• Regulatory tightening and expansion of the national Emissions Trading System are expected to drive sustained demand for advanced environmental protection equipment.

• Anticipates strong market opportunities from ultra-low emissions compliance requirements in cement and steel industries.

• Plans to invest in R&D for energy-efficient and automated dust collection systems and explore strategic acquisitions.