Tongkun Shares: Net Profit for First Three Quarters Expected to Reach 6.7-7.1 Billion Yuan, Up 332.64%-358.47% Year-on-Year

36Kr reports that Tongkun Shares announced its expected net profit attributable to the parent company for the first three quarters will be between 6.7 billion and 7.1 billion yuan, representing a year-on-year increase of 332.64% to 358.47%; net profit after deducting non-recurring gains and losses is expected at 6.45-6.85 billion yuan, up 394.87% to 425.56% year-on-year; and net profit excluding investment income from associates and joint ventures will be between 3.9 billion and 4.3 billion yuan, up 388.14% to 438.21% year-on-year. The significant increase in performance is mainly due to a notable recovery in processing spreads for core products such as PTA and polyester filament compared with the same period in 2025, as well as an upturn in refining prosperity at its stake in Zhejiang Petrochemical Co., Ltd. and a clear recovery in processing spreads for main products.