Guangzhou Goaland Energy Conservation Tech Co Ltd

Goaland Energy released its 2026 interim report. Total operating revenue was 494 million yuan, and net profit attributable to the parent company was 25.73 million yuan. Net cash flow from operating activities was negative 26.36 million yuan, a decrease of 103 million yuan compared with the same period last year, down 134.49 percent year on year. The company's latest asset-liability ratio was 41.26 percent, up 4.51 percentage points from the previous quarter and up 11.54 percentage points from the same period last year. The latest gross margin was 26.12 percent, down 4.56 percentage points from the previous quarter. The latest return on equity was 1.86 percent, and diluted earnings per share was 0.08 yuan. The company had 78,300 shareholders, and the top ten shareholders held 54.10 million shares, accounting for 17.72 percent of total share capital.

Goaland Energy has appointed Li Mumo, daughter of chairman Li Qi and born in 2002, as the company's deputy general manager. Li Mumo was just elected as a non-independent director in mid-May this year, moving from director to deputy general manager in just over two months. She holds permanent residency in the United States and earned a bachelor's degree from the University of Pennsylvania in 2024. She currently holds no company shares. Earlier in 2023, Goaland Energy had planned a private placement of no more than 400 million yuan to Hainan Mulan Investment Co., Ltd., in which Li Mumo and her mother Liu Yancun hold stakes. If completed, this would have changed the company from having no actual controller to being jointly controlled by Li Qi, Liu Yancun, and Li Mumo. However, the private placement ultimately did not materialize as the registration approval expired automatically.