ST Wangda swings to net loss in 2026 interim report

Earnings
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ST Wangda has released its 2026 interim report, with net profit attributable to the parent company swinging from profit to loss. As of June 30, 2026, the company's total operating revenue was 175 million yuan, up 36.95 percent year on year, but net profit attributable to the parent company was negative 12.05 million yuan, a decrease of 16.88 million yuan from the same period last year, down 349.87 percent year on year. Net cash flow from operating activities was negative 25.27 million yuan, down 152.19 percent year on year. The company's latest asset-liability ratio was 7.36 percent, gross margin was 11.75 percent, return on equity was negative 0.84 percent, and diluted earnings per share was negative 0.04 yuan.

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