China's WEIli Holdings swings to loss in H1 on higher manufacturing costs

WEIli Holdings

21/08/2026 11:31

Overview
China industrial firm's half-year revenue rose 43% yr/yr to RMB65.6 mln
Gross profit fell 70% yr/yr, company posted net loss attributable to shareholders
Basic losses per share were RMB1.8 cents, board will not recommend interim dividend

Outlook
WEIli Holdings expects to use HK$48.8 mln of unutilised listing proceeds for capacity, R&D and marketing before 31 Dec 2027

Result Drivers
HIGHER CUSTOMER ORDERS – Revenue rose 43.2% to RMB65.6 mln as major customers increased orders for transfer and laminated paper 
MANUFACTURING COSTS AND MIX – Gross profit fell 70.1% as higher unit manufacturing costs and a lower proportion of high-margin products compressed margin to 3.1%
CUSTOMER-SPECIFIC IMPAIRMENT – A RMB8.0 mln ECL impairment charge, versus a RMB2.7 mln reversal, reflected a specific provision for an individual customer

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 65.60 mln
 

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Aug 18 - China's Hi Sun Technology posts H1 net loss on impairment charges

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)