Wuxi Delinhai Environmental Technology Co Ltd

Delinhai released its 2026 interim report, showing total operating revenue of 168 million yuan and a net loss attributable to the parent company of 5.6782 million yuan, a widening of 2.5855 million yuan compared with the same period last year. Net cash flow from operating activities was negative 63.1697 million yuan, the asset-liability ratio was 20.15 percent, and the gross margin was 49.17 percent, down 15.09 percentage points from the previous quarter. Diluted earnings per share were negative 0.04 yuan, total asset turnover was 0.10 times, and inventory turnover was 1.71 times. The company had 6,410 shareholders, and the top ten shareholders held 58.78 percent of the total share capital.

Dali Delinhai Environmental Technology, a wholly owned subsidiary of Delinhai, has filed a civil lawsuit with the Eryuan County People's Court over overdue project payments for the Eryuan West Lake cyanobacteria bloom prevention and control project. It is requesting that Eryuan County Erhai Protection Investment Development and Operation Company and the Eryuan Branch of the Dali Bai Autonomous Prefecture Ecology and Environment Bureau jointly pay the principal project sum of 18.9 million yuan, and is asserting a priority right to compensation. As of December 31, 2025, cumulative settlement revenue for the relevant project was 49.61 million yuan, with the defendants still owing 18.9 million yuan. Delinhai achieved operating revenue of 574 million yuan in 2025, and the amount involved in this lawsuit accounts for about 3.3 percent of last year's revenue. The company stated that the case has not yet been heard, and the impact on profits will be subject to audit confirmation.