Tongda Co. chairman Ma Hongju said H1 overseas order signings rose, but copper
and aluminum price inflation, RMB appreciation, surging shipping costs and
geopolitical disruptions delayed projects, leaving shipments roughly flat YoY.
Management expects overseas activity to recover in H2 as exchange rates and
client budgets adjust. For 2026 Tongda is targeting 10 bln yuan in revenue,
deepening domestic ties with State Grid, China Southern Power Grid and major
generators—prioritising UHV backbone, urban-rural smart distribution and
source‑grid‑load‑storage projects—while accelerating expansion into Southeast
Asia, Central Asia and Europe to join overseas renewables and grid
infrastructure projects.
