TBEA stock reports rising revenue but lower profit

Published on 10/07/2026 at 01:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TBEA stock posted CNY 56.58 billion in first-half revenue on September 30, 2026, up 16.9 percent year over year. Net profit fell 19.8 percent as coal weighed.

TBEA, CNE000000RB8, Illustration mit AI erstellt.

TBEA stock was last at CNY 17.32 on the Shanghai Stock Exchange on September 30, 2026, up 0.99 percent from the prior close. The companys first-half report delivered a mixed operating picture, with revenue growth offset by weaker attributable profit.

Revenue grows as profit declines

According to Futunn on September 30, 2026, TBEA generated CNY 56.58 billion in revenue during the first half of 2026, an increase of 16.9 percent from the prior-year period. Net profit attributable to shareholders fell 19.8 percent to CNY 2.55 billion, while non-GAAP net profit declined 4.1 percent to CNY 2.67 billion.

The second quarter sharpened the contrast. Revenue reached CNY 31.62 billion, up 26.4 percent year over year and 26.7 percent from the first quarter, but attributable net profit fell 53.4 percent year over year to CNY 740 million.

Power equipment supports the mix

The same Futunn report said first-half revenue from new-energy products and engineering rose 51.1 percent to CNY 9.545 billion. Wire and cable revenue increased 38.2 percent to CNY 10.841 billion, while coal revenue declined 10.5 percent to CNY 7.902 billion.

TBEA also reported a first-half gross margin of 18.94 percent, up 0.34 percentage points year over year. The margin improvement did not prevent profit pressure, because the report linked the earnings decline to lower fair values, higher doubtful-account allowances, inventory write-downs and a larger minority-interest share.

Consensus stays above the share price

Investing.com shows a Strong Buy consensus based on 4 analysts. The average 12-month price target is CNY 28.59, with a high of CNY 33.00 and a low of CNY 23.74, putting the average target 65.1 percent above the CNY 17.32 price.

The market is therefore weighing two opposing signals: rising demand for transmission equipment and a still uneven earnings contribution from polysilicon and coal. The first-half numbers make revenue growth visible, but the 19.8 percent decline in attributable profit keeps margin quality central to the stock story.

Shanghai listing remains below yearly high

TBEA was last at CNY 17.32 on September 30, 2026, with a 52-week range of CNY 17.13 to CNY 33.28. Its market capitalization was CNY 87.0 billion and trading volume reached 36,827,745 shares on that date.