Tianjin Binhai Teda Logistics (Group) Corporation Limited has issued a profit warning for the six months ended 30 June 2026, based on unaudited management accounts.

The Group expects operating revenue of approximately RMB473.00 million, down 61.1% from RMB1.22 billion in the same period of 2025. Profit attributable to owners is projected at about RMB0.17 million, an 82.1% decrease from RMB0.97 million a year earlier.

Management attributes the sharp revenue contraction to: 1. Ongoing optimisation of revenue structure, which reduced exposure to high-risk, low-margin materials-procurement services and led to a phased withdrawal from that segment. 2. A downturn in the fuel-vehicle market, resulting in customer attrition within the finished-automobile and components logistics segment, alongside intensified price competition that pressured service pricing.

The fall in attributable profit reflects the smaller revenue base and lower investment income stemming from weaker joint-venture results amid market and exchange-rate headwinds.

These figures are preliminary and unaudited; the interim results are still being finalised and remain subject to adjustments. The company plans to publish its full interim results later this month. Shareholders and potential investors are urged to exercise caution when dealing in the company’s shares.