Kingenta Ecological Engineering Group Company Limited and its legal representative Wan Peng have been subjected to consumption restriction measures by the Linyi Intermediate People's Court. The court filed an enforcement case after Industrial Bank's Linyi branch applied to enforce a loan contract dispute against Kingenta. Because Kingenta failed to fulfil its payment obligations as specified in the enforcement notice within the required period, the court lawfully imposed high-consumption restrictions on the company and its legal representative Wan Peng. On 15 July, Kingenta disclosed its 2026 half-year earnings forecast, expecting a net loss attributable to the parent company of 450 million to 550 million yuan for the first half, a year-on-year decline of 474.61 percent to 602.30 percent, compared with a loss of 78.3144 million yuan in the same period last year. Net profit after deducting non-recurring items is expected to show a loss of 90 million to 150 million yuan, down 54.24 percent to 157.06 percent year on year, compared with a loss of 58.3521 million yuan a year earlier. The company said the losses were mainly due to losses at some of its external investee companies, as well as a provision for estimated liabilities of 430 million yuan related to a phosphogypsum storage facility comprehensive treatment project at a subsidiary, which was recorded as a non-recurring item. This provision is 37.58 times the first-quarter 2026 net profit attributable to the parent company of 11.4412 million yuan, and 12.4 times the 2025 net profit attributable to the parent company of 34.5954 million yuan.
Kingenta Ecological Engineering Group Co LtdKingenta and its legal representative face high-consumption restrictions due to unpaid loan obligations, and the company forecasts a significant net loss for H1 2026.
Industrial Bank Co Ltd