Teda Biotechnology (08189) announces a positive profit alert, expecting a mid-term net profit attributable to shareholders of approximately 7 million to 10 million yuan, achieving a turnaround from loss to profit year-on-year.

date
18/08/2026
Zhuhai Finance APP news, Teda Biotech (08189) announced that for the six months ending June 30, 2026, the group expects to achieve: revenue of approximately RMB 290 million to RMB 300 million, an increase of about 28% to 33% compared to revenue of about RMB 226 million for the six months ending June 30, 2025 (the same period last year); and a net profit attributable to shareholders of approximately RMB 7 million to RMB 10 million, compared to a net loss attributable to shareholders of about RMB 6 million in the same period last year, reflecting an increase of approximately 209% to 256%, thus achieving a turnaround from loss to profit.
Latest
2 m ago
It is reported that following the requirement for new account openings to confirm that the source of funds comes from legal channels outside mainland China, some banks in Hong Kong have begun to initiate source of funds declaration procedures for certain existing mainland investment clients. Recently, HSBC Hong Kong has been sending notifications to some existing mainland investment clients, requiring them to submit the "Account Opening/Maintenance Declaration" via the HSBC Hong Kong App by September 12, and to update their contact information. The declaration includes confirmation that the funds for investment activities originate from legal sources outside mainland China, and that the bank may disclose personal information at the request of law enforcement or regulatory agencies, among other things. The notification also mentions that if the declaration is not submitted by August 20, investment-related services may be suspended; if not submitted by September 12, investment-related services may be terminated. In response, on August 18, a spokesperson for HSBC stated: "When managing investment client relationships, we adhere to relevant regulatory requirements. Therefore, we invite the concerned mainland investors to provide a self-declaration and confirm that the information they provide in the 'Know Your Customer (KYC)' and 'Customer Due Diligence' processes is current and valid. This helps us to continue providing uninterrupted services to our clients." HSBC emphasized that the latest declaration requirement applies only to investment service clients. (Everyday Economics)
See all latestmore