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Shanghai Materials & Trade: First Quarter Report for 2026
First Quarter Report for 2026
Shanghai Wumao (600822.SH): Net profit attributable to shareholders in Q1 2026 was RMB 5.8786 million, representing a year-on-year decrease of 12.81%.
Gelonghui, April 29th: Shanghai Wumaoyi (600822.SH) released its Q1 2026 report. During the reporting period, the company achieved operating revenue of 358 million yuan, representing a year-on-year decrease of 24.21%; net profit attributable to shareholders of the listed company was 5.8786 million yuan, down 12.81% year-on-year; net profit attributable to shareholders of the listed company after deducting non-recurring items was 2.6238 million yuan, decreasing by 8.07% year-on-year; basic earnings per share were 0.0119 yuan.
Shanghai Wumao's attributable net profit for 2025 was 29.1507 million yuan, with non-recurring gains and losses accounting for over 105%, leading to an actual loss in its core business.
In 2025, the company's revenue and profit both declined. The contraction of its core businesses in automobiles and ferrous metals trading led to a 34.17% drop in revenue, while the non-recurring net profit swung from profit to loss. Although the gross margin increased to 15.83%, the net profit margin was only 1.73%, and operating cash flow plummeted by 96.57%. Non-recurring gains accounted for over 105%, with profits heavily reliant on sporadic income such as land compensation payments, reflecting weak ongoing operational capacity in its core businesses.
Annual Report 2025
Summary of the 2025 Annual Report