Source Environment: Net profit loss of 40.163 million yuan in 2025.

Tongyuan Environment released its performance report, achieving an operating income of 1.405 billion yuan in 2025, a year-on-year decrease of 12.23%; a net loss of 40.163 million yuan, compared to a net profit of 21.7481 million yuan in the same period last year. The competition in the industry market where the company operates has intensified, leading to a decrease in operating income and a reduction in project gross profit margin. The company's joint ventures incurred losses in the current period, resulting in an increase in investment income compared to the previous period, and impairment of long-term equity investments in joint ventures.