Wenye Group Holdings Limited released its unaudited results for the six months ended 30 June 2026, highlighting a sharp top-line rebound but a swing to loss as one-off gains booked a year earlier dropped out and additional guarantee-related charges weighed on earnings.

Revenue and Profitability • Revenue jumped to RMB 84.29 million, up 1,918.4 % from RMB 4.18 million in 1H 2025, driven by a pickup in interior and exterior building decoration contracts. • Gross profit rose to RMB 9.34 million (1H 2025: RMB 0.50 million). Gross margin eased slightly to 11.1 % from 12.0 % due to project mix and cost changes. • The Group recorded a net loss attributable to shareholders of RMB 4.25 million (1H 2025: RMB 885.80 million profit, which had included a RMB 951.65 million disposal gain). • Finance costs netted RMB 0.42 million (1H 2025: RMB 0.21 million). Recognition of financial guarantee contract liabilities contributed an additional RMB 4.49 million expense. • Basic and diluted loss per share stood at RMB 0.56 cents (1H 2025: earnings of RMB 131.58 cents).

Balance-Sheet Highlights • Cash and bank balances totalled RMB 18.31 million at 30 June 2026, down from RMB 36.65 million at year-end 2025. • Net current liabilities widened slightly to RMB 78.52 million (31 December 2025: RMB 74.28 million); total net liabilities reached RMB 78.11 million. • No bank loans were outstanding, but financial guarantee contract liabilities amounted to RMB 66.67 million, reflecting guarantees on borrowings of previously disposed subsidiaries. • Management emphasised material uncertainties over going-concern status and is seeking new funding, debt extensions and additional projects.

Operational Developments • Eleven new contracts valued at RMB 233.70 million (ex-VAT) were secured in 1H 2026; five have been completed and six are slated for completion in 4Q 2026. • Headcount increased to 53 employees, including 31 engineering staff, to support project execution. • The company continues to prioritise shorter-cycle subcontracting projects to conserve cash and accelerate receivables.

Dividend • No interim dividend was declared.

Resumption Status • Trading in Wenye Group shares has been suspended since 5 December 2025 due to non-compliance with Listing Rule 13.24. The company is working with advisers to satisfy resumption guidance, including demonstrating sustainable operations and resolving its financial position.

Outlook Management expects gradual recovery of China’s property and construction market, supported by policy easing. Key focus areas include expanding the order book, tightening cost controls, securing financing, and mitigating guarantee exposures to restore balance-sheet health and achieve trading resumption.