TONGTONG AI SOC Projects Mid-Year Profit Surge, Expects Up to 56 Million Yuan

Stock News
08/18

TONGTONG AI SOC (00628) has issued a positive profit alert, indicating that the group anticipates recording a profit attributable to shareholders of approximately RMB 50 million to RMB 56 million for the six months ending June 30, 2026. This compares favorably to the profit of about RMB 31.9 million reported in the corresponding period of the previous year.

The board attributes the anticipated growth in performance primarily to two key drivers. Firstly, the expansion of the digital content ecosystem business is expected to result in increased revenue recognition. Secondly, favorable exchange rate movements during the period are projected to boost the group's foreign exchange gains.

This earnings upgrade signals a strong operational trajectory for the company, reflecting strategic progress in its core business segments and effective management of financial exposures amidst currency market fluctuations.

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