Weigang Environmental Technology Revises Profit Warning: Projects RMB12–14 Million H1 2026 Loss on Reduced Impairment Reversals

Bulletin Express
Aug 13

Weigang Environmental Technology Holding Group Limited has issued a clarification to its 12 August 2026 profit-warning announcement, estimating a consolidated loss attributable to owners of between RMB12.00 million and RMB14.00 million for the six months ended 30 June 2026. This compares with a RMB7.30 million loss reported for the same period in 2025, indicating an expected year-on-year deterioration of roughly RMB4.70 million to RMB6.70 million.

Management attributes the wider deficit primarily to a weaker reversal of impairment losses on financial and contract assets. For the first half of 2026, the reversal is forecast to decline by approximately RMB5.00 million to RMB7.00 million from the RMB8.30 million recorded a year earlier.

Apart from this numerical correction, all other information in the original profit-warning announcement remains unchanged, according to the Board led by Chairman Cai Zhuhua. The clarification was released in Hong Kong on 13 August 2026.

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