Hubei Wanrun New Energy Technology Co. Ltd. ACompany reported strong revenue growth and swung to profit in H1 2026.

Wanrun New Energy disclosed its 2026 semi-annual report on August 29. In the first half of the year, it achieved total operating revenue of 12.426 billion yuan, up 180.13 percent year on year. Net profit attributable to the parent company was 602 million yuan, reversing a loss from the same period last year. Net profit after deducting non-recurring items was 682 million yuan, also reversing a year-earlier loss. The company's main products are lithium iron phosphate and iron phosphate. During the reporting period, basic earnings per share were 4.89 yuan, and the weighted average return on equity was 11.21 percent, up 16.07 percentage points year on year. Net cash flow from operating activities was negative 2.83 billion yuan, compared with negative 122 million yuan in the same period last year. Net cash flow from financing activities was 4.5 billion yuan, an increase of 4.516 billion yuan year on year. As of the end of the first half, the company's inventory book value was 2.487 billion yuan, accounting for 44.3 percent of net assets, with an inventory write-down provision of 80.0071 million yuan.
Hubei Wanrun New Energy Technology Co. Ltd. ACompany reported strong revenue growth and swung to profit in H1 2026.