Tongkun Group (601233) H1 2025 earnings summary

Executive summary

• Achieved revenue of ¥44.16 billion, down 8.41% year-over-year; net profit attributable to shareholders rose 2.93% to ¥1.10 billion.

• Operating cash flow improved significantly, with net outflow narrowing by 83.87% year-over-year.

• Maintained industry leadership in polyester filament production and continued to expand integrated industrial chain.

• Strategic milestone: secured high-quality coal resources in Xinjiang, advancing full-chain coverage from oil, gas, to coal.

Financial highlights

• Revenue: ¥44.16 billion (down 8.41% year-over-year); net profit: ¥1.10 billion (up 2.93%).

• Operating cash flow: -¥300 million (improved 83.87% year-over-year).

• Basic EPS: ¥0.46 (up 2.22%); ROE: 2.96%.

• Total assets: ¥111.90 billion (up 7.2%); net assets: ¥37.65 billion (up 3.05%).

• Gross margin: 6.76%; EBITDA margin: 7.2%.

Outlook and guidance

• Expects polyester filament demand to remain resilient, supported by stable export and limited new capacity.

• Strategic focus on integrated chain, cost control, and new energy/coal projects to enhance competitiveness.

• Plans to further increase cash dividend payout as industry conditions improve.