Tongfang Tide (01206) announced interim results. Shareholders' losses of 257 million yuan increased by 3860.58% year-on-year

According to the Zhitong Finance App, Tongfang Tide (01206) announced interim results for the six months ended June 30, 2026. The group obtained revenue of 197 million yuan (RMB, same below), a year-on-year decrease of 70.43%; losses attributable to the company's equity shareholders amounted to 257 million yuan, an increase of 3860.58% over the previous year; and a basic loss of 0.033 yuan per share.

According to the announcement, the net interest rate changed from negative 1.2% in the same period last year to about minus 132.5% in the current period. The increase in losses during the period was due to lower revenue, lower gross profit, and increased provision for impairment of some assets.