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Wanrun New Energy: Net loss of 446 million yuan in 2025.
Wanrun New Energy releases an earnings brief: In fiscal year 2025, it achieved total operating revenue of 11.496 billion yuan, up 52.81% year over year; net profit showed a loss of 446 million yuan, compared with a loss of 870 million yuan in the prior-year period. The company’s performance rebound is mainly driven by strong demand in the new energy vehicle and energy storage markets; benefiting from this, the company’s main products—lithium iron phosphate—saw a significant increase in production and sales volume, and selling prices also gradually rose, leading to a recovery in product gross margin. At the same time, the company strengthened management, promoted cost reduction and efficiency gains and optimized resource allocation, and divested unprofitable businesses, so the magnitude of its losses has been gradually narrowing.