Dongwang Times disclosed an earnings forecast, expecting a net loss attributable to the parent of 11 million yuan in the first half of 2026, compared with a profit of 66.5076 million yuan in the same period last year. Deducted non-recurring net profit is expected to be 36 million yuan. The change in performance is mainly due to the fair value change of its holdings in China Zheshang Bank shares, which affected net profit by approximately negative 35.25 million yuan, the provision of estimated liabilities for the guarantee case of Yirong Real Estate Development, which affected net profit by approximately negative 17.3 million yuan, as well as a decline in main business revenue and rising costs. In addition, the recognition of investment income from its associate, Yuedong New Energy Technology Zhejiang Company Limited, under the equity method, affected net profit by approximately negative 10.9 million yuan.
China Zheshang Bank Co LtdDongwang Times expects loss partly due to fair value change of its holdings in China Zheshang Bank shares, implying a decline in the bank's share price or value.
Zhejiang Guangsha Co Ltd