Wei Long Grape Wine Co Ltd

Weilong Grape Wine has released its 2026 interim report. Total operating revenue was 164 million yuan, down 12.14 percent year on year. Net profit attributable to the parent company was a loss of 11.96 million yuan, with the loss widening from a year earlier. Net cash flow from operating activities was a negative 28.13 million yuan. The asset-liability ratio was 49.45 percent, gross margin was 49.03 percent, return on equity was negative 2.48 percent, and diluted earnings per share was a loss of 0.04 yuan. The company had 22,300 shareholders, and the top ten shareholders held 43.72 percent of total share capital.

The wine index has fallen more than 21% over the past 90 days, with several constituent companies expecting losses in the first half of 2026. As of the close on August 21, Wind data showed the wine index at 589.4 points, down 21.18% from three months earlier and down 29.79% from its November 2024 stage high. Weilong Grape Wine, Tonghua Grape Wine, Mogao and several other stocks expect losses in the first half of 2026. Mogao expects net profit attributable to shareholders of roughly minus 31.5 million yuan to minus 23 million yuan, while Weilong expects roughly minus 15.55 million yuan to minus 10.77 million yuan. Changyu Pioneer Wine disclosed its 2026 half-year report on the evening of August 20, with operating revenue of 1.573 billion yuan, up 6.94% year on year, and net profit attributable to shareholders of 141 million yuan, down 24.29% year on year. In 2025, national output of wineries above designated size was 97,000 kiloliters, down more than 17% year on year, while output in the first half of 2026 was 43,000 kiloliters, roughly flat compared with the same period last year.

Weilong Grape Wine’s wholly owned subsidiary, Wuwei Weilong Organic Grape Planting, has been sued by Wuwei Cultural Tourism Development Group over a land dispute. The plaintiff is demanding the return of 20,073 mu of land and joint payment of 4.79 million yuan in liquidated damages. The case is currently in the second instance, with the appellant seeking to overturn the first-instance ruling. The earlier judgment ordered the subsidiary to pay 1.75 million yuan in damages, with 15,100 yuan of the 45,100 yuan case acceptance fee borne by the subsidiary. In the first quarter of 2026, Weilong Grape Wine posted revenue of 74.96 million yuan and a net loss attributable to the parent of 7.5 million yuan.

Weilong Grape Wine expects its first-half 2026 net profit attributable to shareholders to be a loss of 10.77 million to 15.55 million yuan, and a loss of 10.91 million to 15.7 million yuan after deducting non-recurring items. The company said the wine industry market remains sluggish, leading to a roughly 12 percent year-on-year decline in operating revenue, which in turn caused an operating loss. In the first quarter of 2026, Weilong Grape Wine achieved revenue of 74.96 million yuan, with net profit attributable to shareholders of negative 7.5 million yuan.

Weilong Grape Wine controlling shareholder Xinghe Xirang has released 8.8 million pledged shares, representing 14.06% of its holdings and 2.65% of the company's total share capital. As of the announcement date, Xinghe Xirang still has 40.48 million shares pledged, accounting for 64.69% of its stake and 12.19% of the company's total share capital. In the first quarter of 2026, Weilong Grape Wine reported revenue of 74.96 million yuan and a net loss attributable to the parent company of 7.5 million yuan.