Wankong Intelligent Manufacturing released its 2026 half-year report, showing operating revenue of 811 million yuan, a year-on-year decrease of 12.60 percent. Net profit attributable to the parent swung from profit to loss, with a loss of 18.7351 million yuan, a year-on-year decrease of 142.26 percent. Net profit after deducting non-recurring items was a loss of 27.4248 million yuan, a year-on-year decrease of 168.54 percent. Net cash flow from operating activities was negative 15.0868 million yuan, a year-on-year decrease of 119.56 percent. Gross margin was 16.38 percent, down 4.73 percentage points from the same period last year. The company did not carry out a half-year profit distribution. Revenue from the electrical cabinet business was 523 million yuan, accounting for 64.46 percent of total revenue. Revenue from the gas-insulated switchgear business was 247 million yuan, accounting for 30.40 percent. Together, the two businesses contributed 94.86 percent of operating revenue. The company's board of directors has approved the acquisition of a 51 percent stake in Zhejiang Dongjue Precision Technology Co., Ltd. for 275 million yuan. As of the end of the reporting period, the equity transfer had not yet been completed.
Wecome Intelligent Manufacturing Co. Ltd.Revenue and net profit declined, swinging to a loss.
Acquisition of 51% stake approved but not yet completed.
