GreenTech Environmental Co Ltd

GreenTech Environmental released its 2026 interim report, with net profit attributable to the parent company at 13.0244 million yuan, down 57.39% from the same period last year. Total operating revenue was 209 million yuan, down 24.51% year-on-year. Net cash inflow from operating activities was 55.5661 million yuan, an increase of 87.8374 million yuan compared with the same period last year. The company's latest asset-liability ratio was 47.44%, gross margin was 33.77%, ROE was 1.15%, and diluted earnings per share was 0.11 yuan.

GreenTech Environment, along with its then chairman and general manager Zhang Huichun, then board secretary Chen Anna, and then supervisor Lian Fei, have been warned by the Shanghai Stock Exchange for failing to perform related-party transaction review procedures and information disclosure obligations as required. Investigations found that Tang Wenyuan, spouse of former employee representative supervisor Lian Fei, served as a director of Tangshan Eric Environmental Technology Co., Ltd., making Eric a related legal entity of the company. The company received a total of 79.5537 million yuan in operating service fees from Eric but did not promptly carry out review procedures or disclose the information. The company's 2025 revenue was 523 million yuan, down 15.18 percent year-on-year, with net profit of 38 million yuan, down 43.43 percent year-on-year. First-quarter net profit this year was approximately 2.32 million yuan, a year-on-year decrease of 79.91 percent.