ST Tongde: Net loss in the first half of 2026 is estimated to be between RMB 38 million and RMB 55 million.

ST Tungde announced that it is expected that the net profit attributable to shareholders of the listed company from January 1, 2026 to June 30, 2026 will be -55 million to -38 million yuan, a decrease of 595.86% to 442.59% compared to the same period last year; the net profit after deducting non-recurring gains and losses will be -54.32 million to -37.32 million yuan, a decrease of 1183.56% to 844.45% compared to the same period last year. The performance change is mainly due to the decrease in sales volume caused by the maintenance of the mother company's explosives production line in the second quarter, the capitalization of financing costs for subsidiary projects, and the continuous losses due to insufficient utilization of production capacity in the electricity business.