Wolong Real Estate Group Co Ltd

Wolong New Energy released its 2026 interim report, with net profit attributable to the parent company of 14.9224 million yuan, a decrease of 81.70% compared with the same period last year. The company's total operating revenue was 1.155 billion yuan, down 46.27% year-on-year; net cash inflow from operating activities was 472 million yuan, down 36.97% year-on-year. The company's latest asset-liability ratio was 46.93%, gross margin was 27.59%, and diluted earnings per share was 0.02 yuan.

Wolong New Energy has disclosed its earnings forecast, expecting attributable net profit of 14.8 million yuan in the first half of 2026, down 82% year-on-year. Deducted non-recurring net profit is expected to be 14 million yuan, down 76% year-on-year. The company explained that the decline in performance was mainly due to the investment income generated from the sale of a 90% stake in Wolong Mining Shanghai Company Limited in the first half of 2025, and the fact that Shanghai Mining was no longer included in the consolidated financial statements, leading to a year-on-year decrease in profit. At the same time, the wholly-owned subsidiary Shaoxing Shangyu Wolong Tianxiang Nanyuan Real Estate Development Company Limited completed the land value-added tax settlement and recorded it in the current profit and loss, which also contributed to the year-on-year decline in profit.