Wuxi Xuelang Environmental Technology Co Ltd

ST Xuelang released its interim report on August 26, 2026, showing total operating revenue of 176 million yuan and a net loss attributable to the parent of 89.67 million yuan, a reduction of 10.56 million yuan compared with the same period last year. Net cash inflow from operating activities was 16.57 million yuan, an increase of 110 million yuan year-on-year. The company's asset-liability ratio reached 99.79 percent, and its gross margin was 0.84 percent, rising for two consecutive quarters. Diluted earnings per share were negative 0.27 yuan, an improvement of 0.03 yuan year-on-year. The number of shareholders was 10,700, and the top ten shareholders held 45.17 percent of the total share capital.

ST Xuelang disclosed that its financial loan contract dispute with Bank of Suzhou Wuxi Branch has entered the enforcement phase, with an enforcement target of approximately 49.71 million yuan. The court has cumulatively deducted approximately 28.77 million yuan from the company's bank accounts. The second-instance judgment has taken effect, and the company is also in the pre-restructuring filing stage, but there is uncertainty as to whether it can enter the formal restructuring process. The company stated that it will conduct accounting treatment based on subsequent enforcement developments in accordance with accounting standards, and the specific impact will be subject to the annual audit report.