WG ENV TECH (01845) announced its interim results, with a shareholder loss of 12.272 million yuan, an increase of 67.17% compared to the same period last year.

WG ENV TECH (01845) announced its interim results for the six months ending June 30, 2026, reporting revenue of RMB 82.808 million, an increase of 2.6% year-on-year; the loss attributable to shareholders for the period was RMB 12.272 million, an increase of 67.17% compared to the previous year; basic loss per share was 0.92 cents. The announcement stated that the revenue increase was primarily due to the growth in income from services surrounding oil fields. Revenue from hazardous waste incineration disposal solutions decreased by 46.4% from RMB 11 million for the six months ended June 30, 2025, to RMB 5.9 million for the six months ended June 30, 2026. This decrease was mainly due to a saturation of the market, a decline in demand, and intense competition. Revenue from oil field surrounding services increased by 7.4%, from RMB 48.4 million for the six months ended June 30, 2025, to RMB 52 million for the six months ended June 30, 2026. This increase is attributed to the rising demand for services in the oil market. Revenue from cement rotary kiln parallel collaborative disposal services decreased by 35.7%, from RMB 18.2 million for the six months ended June 30, 2025, to RMB 11.7 million for the six months ended June 30, 2026, primarily due to reduced operating time for the Yunfu and Maoming projects. Revenue from oil sludge thermal desorption disposal services rose by 2150%, from RMB 400,000 for the six months ended June 30, 2025, to RMB 9 million for the six months ended June 30, 2026, mainly due to operations at the Karamay project in Xinjiang.