Qingdao Weflo Valve Co Ltd

Weilong Co. released its 2026 interim report on August 27. Leveraging its localized overseas manufacturing network and incremental demand from niche segments such as data center liquid cooling, the company's export business grew strongly, driving steady revenue growth. However, net profit attributable to the parent declined due to increased equity incentive expenses and foreign exchange losses. During the reporting period, the company achieved operating revenue of 314 million yuan, up 15.45% year on year; net profit attributable to the parent was 49 million yuan, down 16.57% year on year; and non-GAAP net profit attributable to the parent was 43 million yuan, down 19.59% year on year. Net operating cash flow reached 108 million yuan, a sharp year-on-year increase of 354.90%. The company plans to distribute a cash dividend of 0.5 yuan per 10 shares, including tax, to all shareholders, with an estimated total dividend of about 12.54 million yuan. Export revenue was 250 million yuan, up 25.50% year on year, accounting for nearly 80% of total revenue; domestic sales revenue was 64 million yuan, down 11.86% year on year. Valve sales contributed revenue of 251 million yuan, up 15.30% year on year, with a gross margin of 43.08%, up 3.02 percentage points year on year. Administrative expenses surged 94.54% year on year to 32.26 million yuan, research and development expenses rose 62.51% year on year to 18.21 million yuan, and financial expenses swung from income to an expense of 5.51 million yuan. Excluding the impact of share-based payments, the company's net profit actually grew 4.64% year on year.

Weilong Co. announced that its actual controller, Fan Qingwei, plans to reduce his holdings in the company by no more than 3,763,200 shares through block trades, representing no more than 1.49% of the company's total share capital.