WG ENV TECH (01845) issues a profit warning, expecting that the mid-term loss attributable to shareholders will expand year-on-year to approximately 12 million to 14 million yuan.

WG ENV TECH (01845) announced that it expects to incur a loss attributable to the company's owners of approximately RMB 12 million to RMB 14 million for the six months ending June 30, 2026, compared to a loss of RMB 7.3 million for the six months ending June 30, 2025. The anticipated increase in loss is primarily due to a decrease in expected credit impairment recoveries for the first half of 2026, which is expected to be about RMB 500,000 to RMB 700,000 less than the expected credit impairment recoveries of RMB 8.3 million for the same period in 2025. The aging of accounts receivable for the six months ending June 30, 2026, remains largely unchanged, and the reduction in expected credit impairment recoveries is mainly attributed to the substantial collection of accounts receivable by the group's subsidiary Guangzhou WG ENV TECH Co., Ltd. in the first half of 2025 compared to the first half of 2026, which led to a higher amount of expected credit impairment recoveries being recognized in 2025.