Wankai New Materials Co. Ltd.

Wankai New Materials has released its 2026 interim report, with net profit attributable to the parent company of 562 million yuan. The company's total operating revenue was 9.652 billion yuan, and net cash inflow from operating activities was 532 million yuan. The latest asset-liability ratio was 67.94 percent, up 2.32 percentage points from the previous quarter. Gross margin was 9.83 percent, and return on equity was 8.54 percent. Diluted earnings per share were 0.98 yuan. Total asset turnover was 0.49 times, and inventory turnover was 2.32 times. The number of shareholders was 22,700, and the top ten shareholders held 50.52 percent of the total share capital.

On the evening of August 23, multiple A-share companies released impressive first-half reports, with earnings doubling or even growing several times over. Wankai New Materials achieved first-half operating revenue of 9.652 billion yuan, up 17.52 percent year on year, and net profit attributable to shareholders of 562 million yuan, surging 910.09 percent. China Tungsten and Hightech Materials posted first-half operating revenue of 16.385 billion yuan, up 108.51 percent, with net profit attributable to shareholders of 2.076 billion yuan, rising 280.53 percent. Yuegui Co. reported first-half operating revenue of 2.343 billion yuan, up 72.37 percent, and net profit attributable to shareholders of 663 million yuan, up 182.76 percent. In addition, Vanadium Titanium Resources and Zhiguang Electric successfully turned losses into profits, while net profit at Shangfeng Materials, Oriental Energy, and Dymatic Chemicals more than doubled. As of the evening of August 23, more than 1,700 A-share companies had completed their first-half report disclosures, with 60 percent reporting year-on-year net profit growth and 18.8 percent achieving a doubling of net profit.

Wankai New Materials released its 2026 semi-annual report. In the first half, it achieved operating revenue of 9.652 billion yuan, up 17.52% year on year, and net profit attributable to the parent of 562 million yuan, surging 910.09% year on year. The sharp increase in performance mainly benefited from the recovery of industry prosperity, a bottoming-out rebound in processing spreads, and simultaneous increases in both sales volume and unit price of bottle-grade PET, with bottle-grade PET contributing 95.59% of main business revenue. However, the company's financial expenses surged 764% year on year to 210 million yuan, mainly affected by increased borrowings, higher interest income in the prior period, and exchange losses. Overseas strategy made progress: the 300,000-tonne-per-year food-grade PET new material project in Nigeria has officially commenced production, becoming the company's first self-built overseas production base, while the 750,000-tonne polyester bottle flake project in Indonesia is being pushed forward at full speed. The company invested 60.8171 million yuan in research and development in the first half, up 84.80% year on year, and plans not to distribute cash dividends.