Conglin Technology(SH:688370) Ge Long Hui A P P·2026-02-26 08:13Company Performance - Conglin Technology (688370.SH) reported a total operating revenue of 526.31 million yuan for the fiscal year 2025, representing a decrease of 11.59% compared to the same period last year [1] - The net profit attributable to the parent company was 23.96 million yuan, down 73.39% year-on-year [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was -8.45 million yuan, a decline of 115.59% compared to the previous year [1] Industry Context - The production manufacturing industry in China is transitioning from high-speed growth to high-quality development, leading to a slowdown in the overall growth rate of hazardous waste generation [1] - The hazardous waste treatment industry is still constrained by structural contradictions from previous expansions, with issues such as uneven regional disposal capacity and low capacity utilization persisting, resulting in severe market supply-demand mismatches [1] - Continuous decline in hazardous waste disposal prices has directly impacted the company's revenue and profit for 2025, putting pressure on overall gross profit levels [1]