Longlide posts net loss of 3.39 million yuan in first half, marking third consecutive year of losses

Earnings
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Longlide disclosed its semi-annual report, showing a net loss attributable to shareholders of the listed company of 3.39 million yuan in the first half, compared with a profit of 1.20 million yuan in the same period last year. The company has now been in a loss-making position for three consecutive years. It achieved operating revenue of 458 million yuan in the first half, up 6.71 percent year on year, but profitability was under significant pressure due to factors including a 13.8 percent year-on-year decline in total industry profits. The board of directors resolved not to distribute cash dividends, bonus shares, or transfer capital reserves to share capital. In addition, the company's asset-liability ratio has climbed year after year, reaching 44.62 percent at the end of 2025. The company explained that this was mainly due to investment in the construction of the Anhui Mingguang Green Intelligent Science and Innovation Park project and increased financing during the capacity expansion phase.

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