WG ENV TECH issues profit warning, projects FY2025 net loss of RMB76-78 million amid project and goodwill impairments

Bulletin Express
Mar 23

WG ENV TECH (Weigang Environmental Technology Holding Group Limited) expects to report a net loss of approximately RMB76.00 million–RMB78.00 million for the twelve months ended 31 December 2025, widening from the RMB55.30 million loss recorded in 2024.

Loss attributable to owners of the company is projected at RMB63.00 million–RMB65.00 million, compared with RMB48.60 million a year earlier.

Management attributes the deeper deficit to three non-cash items: 1. An impairment charge of RMB17.00 million–RMB18.00 million for the Jiangmen pyrolysis project, reflecting prolonged construction, ongoing technical upgrades and diminished commercial outlook. 2. A goodwill impairment of RMB14.00 million–RMB15.00 million related to the previous acquisition of Xinjiang Tiansheng, following an independent valuation that incorporated updated project plans. 3. A reversal of previously recognised deferred tax assets amounting to RMB9.00 million–RMB10.00 million.

The figures are based on unaudited management accounts and remain subject to review. The audited results are scheduled for release on or before 26 March 2026.

Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

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