BINHAI TEDA (08348) issues a profit warning, expecting mid-term profit attributable to shareholders to decrease year-on-year to approximately 173,000 yuan.

BINHAI TEDA (08348) announced that the board of directors expects the group's operating revenue and profit attributable to shareholders for the six-month period ending June 30, 2026, to be approximately RMB 473 million and RMB 173,000, respectively, compared to approximately RMB 1.216 billion and RMB 969,000 for the same period in 2025. The main reasons for the decline in operating revenue during the relevant period are: first, the group continues to optimize its revenue structure by reducing the scale of high-risk, low-margin businesses, leading to a gradual contraction in the scale of its procurement services; second, due to the downturn in the fuel vehicle market, there has been a loss of customers in the logistics services for automobile complete vehicles and components, compounded by the normalization of price competition in the industry, which has led to a continuous decline in service fee levels in line with market conditions, resulting in lower revenue for this business segment compared to the same period in 2025. The main reasons for the decline in profit attributable to shareholders are: first, the decrease in the scale of operating revenue; second, the performance of the group's joint ventures has declined due to market and exchange rate impacts, leading to a decrease in investment income.