Guangdong Feinan Resources Recycling Co Ltd

Feinan Resources announced that the company has won the destruction-type scrapped item disposal project of a well-known domestic communications equipment enterprise, and recently signed a scrapped item disposal agreement with the tendering party. The estimated quantity of scrapped items to be disposed of under the agreement is about 21,000 tonnes. The agreement takes effect on October 1, 2026, and is valid until September 30, 2028. The company said that the performance of the agreement is expected to have a positive impact on overall operations, but will not have a significant impact on operating results in the short term.

Feinan Resources announced that it recently received a bid award letter from the tendering party, winning the bid for a destruction-type scrapped goods disposal project with a project period from October 2026 to September 2028. The scrapped goods mainly include waste circuit boards, waste cabinet subracks, waste electronic parts, and waste lithium batteries, with an estimated quantity of approximately 21,000 tonnes. The company stated that this awarded project falls within its ordinary business scope, can expand procurement sources of renewable resource raw materials, and is expected to have a positive impact on overall operations, but will not have a significant impact on operating performance in the short term.

Feinan Resources released its 2026 interim report, with net profit attributable to the parent company of 649 million yuan, up 307.31% from the same period last year. Total operating revenue was 9.981 billion yuan, up 52.54% year on year, marking a third consecutive year of growth. Net cash flow from operating activities was negative 650 million yuan, down 2,885.17% from the same period last year. The company's latest asset-liability ratio was 63.60%, gross margin was 12.19%, ROE was 12.00%, and diluted earnings per share was 1.16 yuan.