eLong Power swings to net income of US$20.49 million in first half of 2026; revenue rises to US$2.90 million

Bitget2026/10/06 09:00

eLong Power posted net income of US$20.49 million for the first half of FY26, swinging from a loss a year earlier. Revenue rose to US$2.90 million, while gross margin fell 9.70 percentage points to 0.3%. Net loss from continuing operations widened to US$2.11 million. Results included a US$22.61 million gain on disposal of the lithium battery manufacturing business after a shift to energy storage system integration. Management said it completed offerings totaling about US$20 million in gross proceeds to support global expansion of the asset-light model. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. eLong Power Holding Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610060500PRIMZONEFULLFEED9840391) on October 06, 2026, and is solely responsible for the information contained therein.

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