Fujian Yongfu Power Engineering Co Ltd Class A

Yongfu Shares released its 2026 interim report, with net profit attributable to the parent company at negative 26.2838 million yuan, swinging from profit to loss. Total operating revenue was 579 million yuan, down 40.69 percent from the same period last year. Net cash inflow from operating activities was 56.7739 million yuan. The latest asset-liability ratio was 64.51 percent, gross margin was 16.72 percent, and return on equity was negative 2.12 percent.

Yongfu Co. disclosed its 2026 half-year report, with first-half operating revenue of 579 million yuan, down 40.69 percent year-on-year, and a net loss attributable to shareholders of the listed company of 26.28 million yuan, compared with a profit of 28.89 million yuan in the same period last year, swinging from profit to loss year-on-year. The company said that affected by new energy policies, the business scale of residential photovoltaic power station products faced phased pressure, while the newly launched scenario-based photovoltaic system products are still in the early stage of market promotion, leading to a decline in operating revenue.

Yongfu Co. and its controlling subsidiaries have accumulated new undisclosed litigation and arbitration matters over the past twelve months, with the total amount involved reaching approximately 143 million yuan, accounting for 11.21% of the company's most recent audited net assets. The company's net profit has declined for three consecutive years from 2023 to 2025. In 2025, it achieved total operating revenue of 1.699 billion yuan, down 16.71% year on year, with net profit attributable to the parent company of 23.5638 million yuan, down 35.08% year on year, and a non-GAAP net loss of 4.1251 million yuan. In the first quarter of 2026, operating revenue was 331 million yuan, down 22.07% year on year, and net profit attributable to the parent company was 2.5102 million yuan, down 86.87% year on year. As of August 18, Yongfu Co.'s share price has fallen more than 19% this year.