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2026-08-09 18:52:58 TIANNENG POWER (00819.HK) issued a profit warning, expecting profit attributable to shareholders for the six months ended June to decrease by approximately 62%-66% YoY, mainly due to persistently high prices of upstream raw materials such as sulfuric acid, coupled with intensified competition in downstream industries and a slower-than-expected recovery in end-consumer demand, which placed significant downward pressure on the gross profit of the company's core business. Revenue for 1H26 is expected to decline slightly by 5%-8%, as the group proactively scaled back its trading business, while revenue from the manufacturing business recorded growth of approximately 5%-9%.(de/d)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |