Wansheng Reports 2025 Net Loss of 960 Million Yuan, Shifting from Profit

Stock News03-23

Zhejiang Wansheng Co.,Ltd. (603010.SH) disclosed its 2025 annual report, revealing an operating revenue of 3.378 billion yuan, marking a year-on-year increase of 13.98%. The company reported a net loss attributable to shareholders of 960 million yuan. After adjusting for non-recurring gains and losses, the net loss stood at 998 million yuan. The basic loss per share was 1.68 yuan. The board proposed a cash dividend of 0.01 yuan per share (before tax) for all shareholders. The growth in operating revenue was primarily driven by the full-year consolidation of its subsidiary, Guangzhou Neng, starting in 2025. The net loss was mainly due to significant asset impairment provisions made on certain company assets.

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(603010.SH) disclosed its 2025 annual report, revealing an operating revenue of 3.378 billion yuan, marking a year-on-year increase of 13.98%. The company reported a net loss attributable to shareholders of 960 million yuan. After adjusting for non-recurring gains and losses, the net loss stood at 998 million yuan. The basic loss per share was 1.68 yuan. The board proposed a cash dividend of 0.01 yuan per share (before tax) for all shareholders. The growth in operating revenue was primarily driven by the full-year consolidation of its subsidiary, Guangzhou Neng, starting in 2025. 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