Wanwei High-tech released its 2026 half-year financial report, achieving operating revenue of 4.236 billion yuan, up 4.32% year-on-year; net profit attributable to the parent of 313 million yuan, up 22.43% year-on-year; and non-GAAP net profit of 304 million yuan, up 24.37% year-on-year. Net cash flow from operating activities was 498 million yuan, a sharp year-on-year increase of 139.22%; research and development spending was 228 million yuan, up 16.86% year-on-year. The chemical industry segment achieved revenue of 2.547 billion yuan, accounting for 63% of main business revenue, with polyvinyl alcohol sales volume growth as the main driver; the new materials segment achieved revenue of 1.129 billion yuan, with its share rising to 29.7%. The company's overall gross margin rose to 17.86%, up 1.68 percentage points from the same period last year. In terms of new capacity construction, new production lines such as the wide-width PVA optical film for TFT polarizers with an annual capacity of 20 million square meters and the automotive-grade PVB film with an annual capacity of 20,000 tons are in the equipment commissioning and trial production stage; the second-phase expansion and upgrade of the functional PVA resin plant with an annual capacity of 5,000 tons and the 15.8-megawatt distributed photovoltaic power generation project have been completed and put into production. On the capital operations front, the company plans to transfer the cement production capacity and supporting assets of its headquarters and Mengwei Technology to a subsidiary of Conch Cement for 619 million yuan, and to invest in a 20-megawatt, 80-megawatt-hour user-side energy storage system project with a total investment of 86.819 million yuan. The company will not distribute profits or convert capital reserves into share capital for the first half of 2026.
Anhui Wanwei Updated High-tech Material Industry Co LtdNet profit up 22.43% and revenue up 4.32% in half-year report
Anhui Conch Cement Co Ltd