Liaoning Shidai Wanheng Co Ltd

Shidai Wanheng released its 2026 interim report, with net profit attributable to the parent company at negative 12.46 million yuan, swinging from profit to loss year-on-year. Total operating revenue was 248 million yuan, up 38.42% from the same period last year, marking a second consecutive year of growth. Net cash flow from operating activities was negative 84.92 million yuan, down 640.46% year-on-year. The company's latest asset-liability ratio was 20.62%, gross margin was 8.76%, return on equity was negative 1.22%, and diluted earnings per share was negative 0.04 yuan.

On the evening of July 10, several Northeast China-listed companies released their earnings forecasts for the first half of 2026. Among them, Time Wanheng and Fushun Special Steel expect losses, Daqing Huake expects a year-on-year decline in performance, while Quanyangquan expects growth. Time Wanheng expects net profit attributable to owners of the parent company for the half year to be between negative 14 million yuan and negative 11.5 million yuan, mainly due to a significant drop in gross margin for its lithium battery business. Fushun Special Steel expects net profit attributable to shareholders of the listed company to be between negative 270 million yuan and negative 230 million yuan, affected by intensified competition in the special steel market and weak demand in traditional sectors. Daqing Huake expects net profit attributable to shareholders of the listed company to be between 3.5 million yuan and 4.5 million yuan, a year-on-year decline of 61.39% to 50.35%, as fluctuations in international crude oil prices compressed gross margins. Quanyangquan expects net profit attributable to shareholders of the listed company to be 38.73 million yuan, a year-on-year increase of 65%, with sales volume growth in its core mineral water business reaching 33%.