Yongfu Co. and its controlling subsidiaries have accumulated new undisclosed litigation and arbitration matters over the past twelve months, with the total amount involved reaching approximately 143 million yuan, accounting for 11.21% of the company's most recent audited net assets. The company's net profit has declined for three consecutive years from 2023 to 2025. In 2025, it achieved total operating revenue of 1.699 billion yuan, down 16.71% year on year, with net profit attributable to the parent company of 23.5638 million yuan, down 35.08% year on year, and a non-GAAP net loss of 4.1251 million yuan. In the first quarter of 2026, operating revenue was 331 million yuan, down 22.07% year on year, and net profit attributable to the parent company was 2.5102 million yuan, down 86.87% year on year. As of August 18, Yongfu Co.'s share price has fallen more than 19% this year.
Fujian Yongfu Power Engineering Co Ltd Class ANew litigation and arbitration totaling 143 million yuan, plus declining revenue and profits, negatively impact the company's financial position.
