Tianwei Electronics (688511.SH) pre-cut, and net profit to mother is expected to drop 94.12% year-on-year in the first half of the year

According to the Zhitong Finance App, Tianwei Electronics (688511.SH) issued an announcement. The company expects net profit attributable to owners of the parent company in the first half of 2026 to be reduced by about 26.1393 million yuan compared with the same period last year (statutory disclosure data), a year-on-year decrease of about 94.12%. Net profit attributable to owners of the parent company for the same period last year was 277.718 million yuan.

The main business of the company is scientific research, production and operation of military products. This type of business must obtain relevant military salary qualifications reviewed and issued by the relevant competent authorities in accordance with law. One of these qualification certificates is currently undergoing review and product scope expansion review. During the reporting period, due to the influence of the overall task acceptance pace of the assembly plant and the vehicle delivery schedule, the superposition and inspection requirements continued to be refined. The product range of the company's existing qualification certificate did not fully cover all regulated products. Some products did not have acceptance and delivery conditions for the time being extended, so the contract amount that could complete inspection and delivery during the current period decreased year-on-year, leading to a year-on-year decline in revenue. At the same time, the company's expenses increased during the period and the calculation of asset impairment losses increased, leading to a decrease in profits.