Wanjing Energy released its 2026 interim report. Affected by shrinking demand for residential installations and the downward real estate cycle, both revenue and profit declined. During the reporting period, the company achieved operating revenue of 317 million yuan, down 5.77% year on year. Net profit attributable to the parent company was 34.61 million yuan, down 7.84% year on year. Non-GAAP net profit was 29.23 million yuan, down 6.87% year on year. Natural gas sales remained the core business, with revenue of 291 million yuan, accounting for 92.04% of total revenue, up slightly by 1.31% year on year. However, residential installation business revenue was only 14.22 million yuan, plunging 59.89% year on year, and its share of total revenue fell to 4.49%. Net cash flow from operating activities was 17.83 million yuan, up 21.94% year on year, mainly due to optimized wealth management structures that increased interest income.
Xinjiang Haoyuan Natural Gas Co LtdResidential installation revenue plunges 59.89% due to shrinking demand and real estate downturn.
