BINHAI TEDA (08348) announced its interim results, with a profit attributable to shareholders of 173,000 yuan, a decrease of 82.1% year-on-year.

BINHAI TEDA (08348) announced its results for the six months ending June 30, 2026, with revenue of 473 million yuan, a year-on-year decrease of 61.1%; profit attributable to shareholders was 173,000 yuan, a year-on-year decrease of 82.1%; basic earnings per share were 0.05 cents. The main reasons for the decline in operating revenue 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 materials procurement services; second, due to the downturn in the fuel vehicle market, there has been a loss of customers in the logistics service business for automotive whole vehicles and components compared to the same period last year. Additionally, the normalization of industry price competition has caused the service fees to continue to decline with market conditions. The main reasons for the decrease in profits attributable to equity holders during the period are: first, the decline in operating revenue scale; second, due to market and exchange rate effects, the performance of the Group's joint ventures has declined, resulting in a decrease in investment income.