C Wan Tong Yuan (06966) announced its annual results for the period ending December 31, 2025. The group recorded revenue of approximately 25.987 million yuan, a decrease of 41.0% compared to the previous year. The loss attributable to company owners was 11.783 million yuan, a reversal from the profit of 9.848 million yuan reported in the same period last year. The basic loss per share was 1.2 fen.
According to the announcement, the 41.0% year-on-year decline in revenue was primarily due to the payment of additional reassessed value-added tax on funeral service income from previous periods, as well as a decrease in revenue of 18 million yuan resulting from lower average selling prices of cemetery plots. Furthermore, the termination of funeral services provided by the Langfang Funeral Parlor and adjustments to the scope of funeral services at existing service locations led to a decline in demand for funeral services.