Mengwang Technology reports net loss of 97.41 million yuan in 2026 interim report

Earnings
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Mengwang Technology released its 2026 interim report, with net profit attributable to the parent company at negative 97.41 million yuan, swinging from profit to loss. Total operating revenue was 1.123 billion yuan, down 27.04% year on year. Net cash flow from operating activities was negative 81.87 million yuan, down 143.71% year on year. The company's latest debt-to-asset ratio was 50.60%, gross margin was 11.24%, ROE was negative 6.63%, and diluted earnings per share was negative 0.12 yuan.

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