Weigang Environmental Technology (01845) Fa Ying Guang expects losses attributable to shareholders to increase year-on-year to about 12 million yuan to 14 million yuan in the medium term

According to the Zhitong Finance App, Weigang Environmental Technology (01845) issued an announcement. Compared with the loss due to the Company's owner of RMB 7.3 million in the six months ending June 30, 2025, it is expected that the six months ending June 30, 2026 will achieve losses attributable to the Company's owners approximately between RMB 12 million and RMB 14 million.

Their anticipated increase in losses is mainly due to a decrease of about 5 to 7 million yuan in the expected credit impairment refunds for the first six months of 2026 compared with the expected credit impairment refunds of 8.3 million yuan for the same period in 2025. There was no significant change in the Group's accounts receivable age for the six months ended June 30, 2026. The decrease in expected credit impairment refunds is mainly due to the fact that the accounts receivable from Guangzhou Weigang Environmental Technology Co., Ltd., a subsidiary of the Group, obtained a larger amount of accounts receivable during the same period in 2025 compared with the first six months of 2026, so a larger amount of expected credit impairment refunds was confirmed during the same period in 2025.