ZhongWang Fabric Co. Ltd.

605003.CG▼4

Zhongwang Fabric's 2026 interim report shows net profit of 29.1283 million yuan, down 12.93% year-on-year

Zhongwang Fabric released its 2026 interim report, with net profit attributable to the parent company of 29.1283 million yuan, a decrease of 12.93% compared with the same period last year. The company's total operating revenue was 259 million yuan, up 8.15% year-on-year; net cash inflow from operating activities was 32.7715 million yuan, down 11.50% year-on-year. The company's latest gross margin was 33.29%, an increase of 3.86 percentage points from the same period last year, achieving two consecutive quarters of growth; the latest ROE was 2.03%, a decrease of 0.32 percentage points from the same period last year. The company's diluted earnings per share was 0.26 yuan, down 13.33% year-on-year.

605003.CG ▼

Jiemian·30dRead more →

605003.CG▲2

Z-Wovens Subsidiary of Zhongwang Fabric Receives US Tariff Refund of RMB 9.68 Million

Zhongwang Fabric's wholly-owned subsidiary Z-Wovens, LLC recently received cumulative US tariff refunds totaling 1.43 million US dollars, equivalent to approximately 9.68 million yuan, comprising 1.37 million US dollars in tariffs and 56,200 US dollars in interest, together accounting for 13.36% of the company's latest audited net profit attributable to the parent. The refund stems from a February 2026 US Supreme Court ruling that the government lacked statutory authority to impose the tariffs, rendering the relevant tariff measures void from the outset, with US Customs and Border Protection officially commencing refunds on April 20, 2026. Based on the central parity rate of the renminbi exchange rate on August 11, 2026, this amount will be recognized in the current period's profit or loss for 2026, with no adjustment to prior-year profit or loss. In the first quarter of 2026, Zhongwang Fabric achieved revenue of 124 million yuan and net profit attributable to the parent of 13.69 million yuan.

605003.CG ▲

财中社·38dRead more →