Elong Power Holding Limited
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $2.5M
- Price
- $2.69
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.47%
- Volume
- 47.5K
About
Operating from its base in China, Elong Power Holding Limited focuses on the entire spectrum of high-performance lithium-ion battery operations, spanning innovation, production, market distribution, and customer support. These robust power cells are predominantly deployed in sectors such as electric automobiles, heavy industrial equipment, and advanced energy storage infrastructure. The company's core technological foundation incorporates both lithium manganese oxide and lithium iron phosphate chemistries.
Quick stats
Shares outstanding932.1K
Computed float931.9K
Float / shares100.0%
Cash runway (months)112.2
Key info
SectorIndustrials
IndustryElectrical Equipment & Parts
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002015691
Websitehttps://www.elongpower.com
AI Summary
AI-generated1/9
standardmixedearnings
Elong Power Holding Limited Announces First Half 2026 Financial Results
Elong Power reported H1 2026 revenue of $2.90 million, up 14,977% from $19,229 a year earlier, as its new energy storage system integration business ramped from a near-zero base.
Profitability is cosmetic: net income of $20.49 million came from a one-time $22.61 million gain on divesting the lithium battery manufacturing business, while the continuing-operations loss widened to $2.11 million and gross margin collapsed to 0.3%.
The company also completed ~$20 million in offerings and a 1-for-45 reverse split (effective August 10, 2026), and cash burn from operations was $7.05 million against $5.94 million of cash at period end.
Management says the asset-light pivot funds global energy storage expansion, but the disclosure flags going-concern, Nasdaq-listing, and related-party risks.
Red flags
- gross margin collapsed to 0.3% on the core business
- continuing-operations loss widened to $2.11 million; profitability driven by one-time disposal gain
- operating cash burn of $7.05 million vs. $5.94 million cash on hand
- recent 1-for-45 reverse split signals listing-compliance risk
- going-concern and related-party transaction risks disclosed
- heavy reliance on related-party borrowings ($4.68M short-term loans from related parties)