Suning Universal Co Ltd

Suning Universal released its 2026 interim report, showing first-half net profit attributable to the parent of 30.95 million yuan, down 77.5% year on year. Operating revenue was 535 million yuan, down 42.7% year on year. Net profit attributable to the parent after deducting non-recurring items was 32.2 million yuan, down 76.5% year on year. Net operating cash flow was 152 million yuan, up 342.5% year on year. Earnings per share were 0.0102 yuan. In the second quarter, operating revenue was 203 million yuan, down 62.5% year on year, and net profit attributable to the parent was 25.98 million yuan, down 71.3% year on year. As of the end of the second quarter, total assets were 12.97 billion yuan, down 1.1% from the end of the previous year, and net assets attributable to the parent were 9.179 billion yuan, up 0.3% from the end of the previous year. The company said that during the reporting period it implemented a dual-engine strategy of property plus medical aesthetics, optimised its business structure, consolidated the operating foundation of the real estate segment, and cultivated a new growth driver in the medical aesthetics segment.

Suning Universal disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 26 million yuan and 39 million yuan, a year-on-year decline of 71.6% to 81.06%. Deducted non-recurring net profit is also between 26 million yuan and 39 million yuan, down 71.52% to 81.02% year-on-year. Basic earnings per share are between 0.0086 yuan and 0.0129 yuan. The company said the decline in performance was mainly due to a decrease in the settlement scale of real estate development projects in the first half of the year compared with the same period last year.