Wipag disclosed its earnings forecast, estimating operating revenue of 138 million yuan in the first half of 2026, down 58 percent year-on-year. Net loss attributable to the parent company is 132 million yuan, compared with a loss of 80.0662 million yuan in the same period last year. Net loss after deducting non-recurring items is 146 million yuan, compared with a loss of 90.2243 million yuan a year earlier. The company said the revenue decline was mainly affected by macroeconomic fluctuations, phased adjustments in the industry market, and its proactive strategic transformation toward high-quality development. The implementation and delivery acceptance of some long-cycle, large-value orders were delayed, resulting in the related revenue not being recognized in this reporting period. During the reporting period, the company's sales collection amount reached 3.4 times its operating revenue, with a large amount of historical accounts receivable successfully recovered. Previously accrued bad debt provisions were reversed, and asset and credit impairment losses decreased by 25 million yuan compared with the same period, making a positive contribution to profit. The current loss mainly stems from the timing difference in revenue recognition, and the company's core business competitiveness and order backlog have not undergone any material adverse changes.
WPG (Shanghai) Smart Water Public Co. LtdCompany forecasts a net loss of 132 million yuan, significantly worse than last year's loss, due to revenue decline and delayed order recognition.