Wolong New Energy has disclosed its earnings forecast, expecting attributable net profit of 14.8 million yuan in the first half of 2026, down 82% year-on-year. Deducted non-recurring net profit is expected to be 14 million yuan, down 76% year-on-year. The company explained that the decline in performance was mainly due to the investment income generated from the sale of a 90% stake in Wolong Mining Shanghai Company Limited in the first half of 2025, and the fact that Shanghai Mining was no longer included in the consolidated financial statements, leading to a year-on-year decrease in profit. At the same time, the wholly-owned subsidiary Shaoxing Shangyu Wolong Tianxiang Nanyuan Real Estate Development Company Limited completed the land value-added tax settlement and recorded it in the current profit and loss, which also contributed to the year-on-year decline in profit.
Wolong Real Estate Group Co LtdWolong Real Estate Group is the parent; its subsidiary's profit decline drags group earnings.