Fujian Longking Co Ltd

Longking Environmental released its 2026 interim report, with net profit attributable to the parent company at 557 million yuan, up 25.02% from the same period last year. Total operating revenue was 5.384 billion yuan, up 14.96% year-on-year, marking a second consecutive year of growth; net profit attributable to the parent company achieved a fourth consecutive year of growth. Net cash flow from operating activities was negative 62.04 million yuan, a decrease of 72.09 million yuan from the same period last year. The company's latest asset-liability ratio was 63.23%, gross margin was 25.50%, and diluted earnings per share was 0.44 yuan.

Longking Environmental announced that its application for a private share placement has been approved by the China Securities Regulatory Commission. The approval was recently delivered to the company, marking a key regulatory clearance for the issuance plan. Longking Environmental is listed on the main board of the Shanghai Stock Exchange under the ticker 600388.