Jiangsu Wanlin Modern Logistic

Wanlin Logistics released its 2026 interim report. Total operating revenue was 114 million yuan, down 10.20 percent year on year. Net profit attributable to the parent company was negative 1.7921 million yuan, swinging from profit to loss and down 11.7074 million yuan from the same period last year, a decline of 118.07 percent. Net cash inflow from operating activities was 16.8946 million yuan, down 18.70 percent year on year. The company's asset-liability ratio was 21.24 percent, gross margin was 20.14 percent, down 7.87 percentage points from the same period last year, and return on equity was negative 0.17 percent. Diluted earnings per share were negative 0.00 yuan, down 115.00 percent year on year.

Wanlin Logistics disclosed its earnings forecast, expecting a net loss attributable to the parent company of 1.6 million to 2.4 million yuan in the first half of 2026, compared with a profit of 9.9153 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 4 million to 6 million yuan, compared with a profit of 1.6897 million yuan a year earlier. The company stated that due to macroeconomic fluctuations and insufficient effective market demand, its main business remains under pressure, with operating revenue declining year-on-year, leading to operating losses. Based on the closing price on July 14, Wanlin Logistics' price-to-earnings ratio on a trailing twelve months basis is approximately 517.94 to 646.85 times, its price-to-book ratio on a latest filings basis is about 2.03 times, and its price-to-sales ratio on a trailing twelve months basis is about 9 times. The company's main businesses include port loading and unloading, basic logistics, and import agency services.