BINHAI TEDA (08348) has issued a profit warning, with the board of directors indicating that for the six months ending June 30, 2026, the group's revenue and profit attributable to equity holders are expected to be approximately RMB 473 million and RMB 173,000, respectively. This compares to approximately RMB 1.216 billion and RMB 969,000 for the same period in 2025.

The primary reason for the decline in revenue during the period is twofold. First, the company is actively optimizing its revenue structure by reducing its involvement in high-risk, low-margin businesses, leading to a gradual contraction in its material procurement services. Second, due to the downturn in the fuel vehicle market, the group has experienced customer attrition in its automotive and parts supply chain logistics services. Combined with intensified price competition across the industry, related service fee levels have also continued to decline in line with market conditions, resulting in a drop in revenue from this business segment compared to the same period in 2025.

The decrease in profit attributable to equity holders is primarily driven by two factors: the decline in overall revenue scale, and a decrease in investment income resulting from lower performance of the group's joint ventures, impacted by adverse market conditions and exchange rate fluctuations.