TBEA reports 16.90 percent higher revenue as TBEA stock faces profit pressure

Published on 10/01/2026 at 13:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TBEA revenue rose 16.90 percent in the first half of 2026. TBEA stock saw net profit fall 19.80 percent to CNY 2.55 billion in that period.

TBEA, CNE0000000T0, Illustration mit AI erstellt.

TBEA (CNE0000000T0) reported revenue of CNY 56.58 billion for the first half of 2026, up 16.90 percent year over year, while net profit attributable to shareholders fell 19.80 percent to CNY 2.55 billion. The figures, published in a September 30, 2026 analysis by Futubull, show a sharper split between operating growth and earnings pressure.

Revenue growth meets lower profit

TBEA's second-quarter revenue reached CNY 31.62 billion, up 26.40 percent year over year and 26.70 percent from the first quarter. Net profit attributable to shareholders was CNY 0.74 billion, down 53.40 percent year over year and 59.30 percent sequentially, according to Futubull.

The margin picture was less negative. TBEA's first-half gross margin was 18.94 percent, up 0.34 percentage points year over year, while its second-quarter gross margin was 17.19 percent. The result suggests that higher sales have not yet translated into proportional earnings growth.

Power equipment leads the mix

Electrical equipment revenue rose 12.00 percent to CNY 14.97 billion in the first half of 2026. Cable revenue increased 38.20 percent to CNY 10.84 billion, while new-energy products and engineering revenue climbed 51.10 percent to CNY 9.55 billion, based on the same dated analysis by Futubull.

International product signings reached USD 1.62 billion in the first half of 2026, up 44.00 percent year over year. That export figure gives the transmission business a measurable counterweight to weaker coal revenue, which fell 10.50 percent to CNY 7.90 billion in the same period.

Stock remains near yearly low

TBEA was last at CNY 17.32 on the Shanghai Stock Exchange on September 30, 2026 at 3:00 p.m. CST, up 0.99 percent from the prior close of CNY 17.15. The quote stood 1.11 percent above the 52-week low of CNY 17.13 and 47.96 percent below the 52-week high of CNY 33.28.

Edgepedia identifies TBEA as a Shanghai-listed power-transmission equipment and polysilicon group trading under ticker 600089. Its business spans transmission equipment, new energy, coal and high-purity aluminum materials, making the first-half earnings split important for assessing the durability of its revenue expansion.