Earnings ·
Reports H1 2026 results with $2.9M revenue, $21M net loss; CFO resignation
ELPWElong Power Holding Ltd.
Elong Power Holding Limited reported unaudited financial results for the six months ended June 30, 2026. The company generated revenues of $2,899,110, a significant increase from $19,229 in the prior year period, driven by sales of energy storage system integration equipment. However, the company reported a net loss of $2,110,295 compared to a net loss of $1,422,582 in the same period of 2025. The filing also disclosed that Wei Zou resigned as Chief Financial Officer on June 11, 2026, and Yue Liu was appointed to replace him effective immediately. Additionally, the company detailed multiple equity issuances throughout early 2026 raising approximately $21 million in gross proceeds and a share consolidation effective August 10, 2026. Elong Power Holding Limited operates in the energy storage technology industry, focusing on AI-driven lithium-battery energy storage system integration.