World Union sees cumulative new litigation amount of 329 million yuan over the past year

Regulation
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World Union announced that the cumulative amount of new litigation and arbitration matters involving the company and its controlled subsidiaries from 1 July 2025 to 30 June 2026 reached 329 million yuan, accounting for 14.98 percent of the absolute value of the company's latest audited net assets. Among all amounts involved, the company acted as plaintiff in 93.69 percent of cases, as defendant in 5.69 percent, and as a third party in 0.62 percent. The company has recorded losses for the fifth consecutive year, with cumulative losses exceeding 2.6 billion yuan. In 2025, the net loss attributable to the parent company was 650 million yuan, and the loss further widened. Although the loss narrowed in the first quarter of 2026, the company has yet to return to profitability, with a net loss attributable to the parent company of 4.04 million yuan. In the secondary market, World Union's share price fell to an intraday low of 1.94 yuan per share on 8 July, a new low since around September 2024, before closing down 0.50 percent at 1.98 yuan per share, giving a total market capitalisation of 3.946 billion yuan.

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