TIANGE (01980) issued a positive profit alert, expecting a mid-term profit attributable to shareholders of approximately 123 million yuan, turning from a loss to a profit year-on-year.

TIANGE (01980) announced that the company expects to achieve a net profit attributable to shareholders of approximately RMB 123 million for the six months ending June 30, 2026, compared to a net loss attributable to shareholders of approximately RMB 22.4 million for the six months ending June 30, 2025. The Board believes that the change from a net loss to a net profit during the period is primarily due to the net fair value gain of approximately RMB 141 million from financial assets recognized at fair value through profit or loss and the net fair value gain of approximately RMB 20.7 million from financial derivatives held for trading. In contrast, for the six months ending June 30, 2025, there was a net fair value gain of approximately RMB 34.4 million from financial assets recognized at fair value through profit or loss and a net fair value loss of approximately RMB 34 million from financial derivatives held for trading.