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Elong Power H1 Revenue Rises To $2.90M From $19,229 YoY, Net Income $20.49M Vs Net Loss $2.66M On $22.61M Divestment Gain, Pivots To Energy Storage Integration

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    Elong Power Holding Limited (NASDAQ: ELPW) Announces Subsidiary’s Entry into a US$25.5 Million Annual Cooperation Agreement, Marking a Critical Step Forward in Its Global Distribution Expansion

    Elong Power Holding Limited announced that its subsidiary Elong Hong Kong has signed a US$25.5 million one-year omnichannel cooperation agreement for distributing smart consumer electronic products. The company completed delivery of the first batch of goods worth US$0.84 million, demonstrating execution capacity following its asset-light strategic transformation. The partnership leverages Hong Kong as an international trade hub to expand the company's energy storage business globally.

    ELPW
  3. Na

    Elong Power Holding Limited Announces First Half 2026 Financial Results

    Elong Power (NASDAQ: ELPW) announced H1 2026 results showing net revenue of $2.90 million (up 14,977% YoY) following its divestment of lithium battery manufacturing and pivot to asset-light energy storage system integration. The company reported net income of $20.49 million, primarily driven by a $22.61 million non-operating gain from the battery business disposal. However, continuing operations showed a net loss of $2.11 million with thin 0.3% gross margins. The company raised approximately $20 million in public offerings to fund R&D and global market expansion.

    ELPW