Chongqing Wanli New Energy Co Ltd

Wanli Shares released its 2026 interim report, with net profit attributable to the parent company at a loss of 36.66 million yuan, an increase in loss of 18.16 million yuan compared with the same period last year. The company's total operating revenue was 213 million yuan, down 12.55% year-on-year. Net cash outflow from operating activities was 38.45 million yuan, the asset-liability ratio rose to 8.58%, gross margin fell to 3.44%, and ROE was negative 8.02%.

Wanli Shares disclosed its earnings forecast, expecting a net loss attributable to the parent company of 31 million to 37 million yuan for the first half of 2026, compared with a loss of 18.5026 million yuan in the same period last year. The net loss after deducting non-recurring items is also expected to be 31 million to 37 million yuan, versus a loss of 18.5164 million yuan a year earlier. The company said the widening loss was mainly due to a year-on-year decline in operating revenue, along with a significant increase in research and development spending on new energy businesses and higher selling expenses. Based on the latest closing price, the company's price-to-book ratio is about 3.8 times, and its price-to-sales ratio is about 3.76 times.