Wencan Co., Ltd. (603348.SH): Has completed the research and trial production of multiple magnesium alloy products in the automotive and robotics fields and gained customer approval.

Gelonghui, May 11th ┃ Wencan Co., Ltd. (603348.SH) stated on the investor interaction platform that the company has completed the research and development trial production of multiple magnesium alloy products in the automotive and robotics sectors, gaining customer approval. Based on confidentiality principles, specific client names cannot be disclosed individually. The company will actively cooperate with client planning, and relevant定点and mass production progress will be announced in accordance with applicable regulations.

Gelonghui FinanceMay 11 15:37

Wencan Shares (603348): Performance impacted by provisions for impairment and losses; sufficient orders on hand.

Event: The company released its financial results for 2025 and Q1 2026. In 2025, the company's revenue was RMB 5.9 billion, representing a year-on-year decrease of 5%, with a net loss attributable to shareholders of RMB 350 million, marking a year-on-year decline of 402%. In Q1 2026, the company’s revenue...

Guosheng SecuritiesMay 1 00:00

Wencan Shares reported a net loss attributable to shareholders of 3.48 billion yuan in 2025, with a 2.9 billion yuan asset impairment charge leading to a significant decline in non-GAAP net profit.

In 2025, the company's revenue reached 5.909 billion yuan (a year-on-year decrease of 5.42%), with a net loss attributable to shareholders of -348 million yuan (a year-on-year decline of 402.39%). The main reasons were delays in the Bailing casting production line, rising overseas costs, and multiple non-operating losses (including impairment and fire-related losses totaling 290 million yuan). The automotive business accounted for 98.86% of total revenue, with income increasingly concentrated domestically. Although R&D intensity declined, operating cash flow surged by 49.49% year-on-year to 567 million yuan. The current ratio stood at 0.88, reflecting pressure on short-term debt repayment.

lanjinger.comApr 29 17:05

Wencan Co., Ltd. dropped more than 5%, hitting a near six-year low, with a Q1 net loss of 79.78 million yuan.

Gelonghui reported on April 29 that Wencan Shares (603348.SH) once fell by 5.2% to RMB 18.04, hitting a near six-year low since July 28, 2020. According to the company's announcement, in the first quarter of 2026, Wencan Shares achieved operating revenue of RMB 1.312 billion, representing a year-on-year increase of 3.26%; the net profit attributable to shareholders of the listed company recorded a loss of RMB 79.7758 million, compared with a profit of RMB 3.8603 million in the same period last year, marking a year-on-year shift to losses. (Gelonghui)

Gelonghui FinanceApr 29 14:10

Wencan Co., Ltd.: Summary of the 2025 Annual Report

SZSIApr 29 00:00 · Announcements

Wencan Co., Ltd.: First Quarter Report for 2026

SZSIApr 29 00:00 · Announcements