Shenzhen Tagen Group Co Ltd

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Tagen Group reports net loss of 333 million yuan in 2026 interim results

Tagen Group released its 2026 interim report, with net profit attributable to the parent company at negative 333 million yuan, swinging from profit to loss year on year. Total operating revenue was 6.589 billion yuan, up 5.22 percent year on year, but net profit attributable to the parent company fell by 374 million yuan compared with the same period last year, a year-on-year decline of 903.64 percent. Net cash outflow from operating activities was 103 million yuan, an increase of 877 million yuan in net inflow compared with the same period last year. The company's latest asset-liability ratio was 74.28 percent, gross margin was 2.35 percent, return on equity was negative 2.34 percent, and diluted earnings per share was negative 0.19 yuan.

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Jiemian·5dRead more ▾

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Tagen Group signs 45 new orders in Q2 worth approximately 1.601 billion yuan

Tagen Group released its construction business performance for the second quarter of 2026, with 45 new orders signed worth approximately 1.601 billion yuan. The company achieved revenue of 3.69 billion yuan in the first quarter, with a net loss attributable to the parent company of 23.31 million yuan.

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财中社·28dRead more ▾

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Housing Ministry Tightens Construction Market Oversight as Local Builders Face Earnings Pressure

The Ministry of Housing and Urban-Rural Development has issued a notice to strengthen construction market regulation across five areas: market access, project bidding, contract awarding and subcontracting, project payment, and digital-intelligent oversight, accelerating the establishment of a mechanism featuring easy entry, strict supervision, and heavy penalties. The notice calls for separating bid evaluation from contract awarding and implementing double-blind review, fully rolling out project payment guarantees and encouraging the use of surety insurance or bank guarantees to achieve payment on demand, as well as leveraging artificial intelligence to enhance regulatory efficiency. Meanwhile, amid the real estate sector adjustment and construction industry downturn, local construction companies are facing a major earnings test. In 2025, the net profit attributable to shareholders of companies in the Shenwan construction sector fell 23.42 percent year-on-year, with local builders seeing a decline of 34.97 percent. Several local state-owned enterprises, including Shaanxi Construction Engineering Group, Tagen Group, and Chongqing Construction Engineering Group, are expected to report sharp profit declines or losses in the first half of the year.

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第一财经·30dRead more ▾

Energy Transition & Power Demand▲

Energy Storage Industry Funds See Intensive Launches as Listed Companies Join Hands with State Capital to Accelerate Entry

Since the beginning of this year, multiple listed companies have joined hands with financial institutions and local state capital to intensively set up energy storage industry funds. Sungrow Power Supply's holding subsidiary Sungrow Renewables, together with Huatai Baoli and Huatai Asset Management, jointly established the Suzhou Huaxu Fund with a total committed capital of 1 billion yuan, of which Sungrow Renewables committed 199 million yuan. The fund will invest in wind power, centralized photovoltaic, and energy storage projects, requiring a single investment installed capacity of over 200 megawatts and an overall capital internal rate of return of no less than 8 percent. Senior Energy Materials participated in setting up the Shenzhen Yuanzhi Xingyuan Venture Capital Fund, planned at 500 million yuan, with Senior Energy Materials committing 151 million yuan, mainly investing in key projects such as headquarters research and development and production manufacturing across the entire new energy storage industry chain. Kaibo Capital, together with CALB, Shengtun Group, Nuode New Materials, Hymson Laser, and Guoxia Technology, initiated the Kaibo Co-creation Fund with a total scale of 5 billion yuan and an initial registered scale of 1.6 billion yuan, covering the entire industry chain of resources, materials, equipment, battery cells, and application scenarios. State capital is also accelerating its entry. Tagen Group, together with Shenzhen Capital Group and Sunwoda, jointly launched the Yuanzhi Jianxin Energy Storage Asset Private Equity Fund with a total scale of 500 million yuan, focusing on electrochemical energy storage stations and integrated solar-storage-charging stations. Corun participated in setting up an energy storage fund with a target scale of 2 billion yuan, with partners including enterprises with state capital backgrounds from the Tianjin Binhai New Area. Mo Ke, founder of Zhenli Research, stated that this model, by combining the industrial resources of listed companies with the power of capital, provides projects with clearer industrial synergy and exit pathways, and has become a common industrial investment approach in the new energy sector.

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和更明确的产业协同路径·31dRead more ▾

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Tianjian Group Expects Loss of 280 Million to 380 Million Yuan in First Half of 2026

Tianjian Group disclosed its earnings forecast, expecting a net loss attributable to the parent company of 280 million to 380 million yuan in the first half of 2026, compared with a profit of 41.4237 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 303 million to 403 million yuan, compared with a profit of 22.1706 million yuan in the same period last year. The company stated that the change in performance was mainly due to increased downward pressure on the construction industry and intense market competition leading to a decline in gross profit from construction business, as well as a sluggish real estate market resulting in reduced carry-over of property sales and a year-on-year decline in carry-over of high-margin projects.

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