Wencan Co., Ltd.: Net profit in the first half of the year was 13.11 million yuan, a year-on-year decrease of 83.98%.

On the evening of August 19th, Wencan Co., Ltd. disclosed its semi-annual report for 2025. The company achieved operating income of 2.803 billion yuan in the first half of the year, a year-on-year decrease of 8.88%; the net profit attributable to the parent was 13.11 million yuan, a year-on-year decrease of 83.98%. Basic earnings per share were 0.04 yuan. During the reporting period, the company's net profit decreased year-on-year, mainly due to the decrease in operating income of Bailian Group and the impact of the shutdown of the Ukraine pipeline incident, which led to a significant year-on-year increase in European energy prices, a rise in overall manufacturing costs, resulting in a substantial increase in energy and other costs for Bailian Group, leading to a loss in the first half of the year for Bailian Group, thereby affecting the company's overall net profit in the first half of the year.