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Zhejiang Zhengte Co Ltd

Zhejiang Zhengte Co., Ltd. researches, develops, manufactures, sells, and supplies sunshade products and outdoor leisure furniture in China and internationally. Its sunshade line includes stargazing awnings, sunshades, and parasols, while its outdoor leisure furniture range covers outdoor furniture, storage supplies, and pet houses, along with camping vehicles and camping chairs. These products are used in family courtyards, terraces, restaurants, bars, beaches, parks, and hotels. The company also engages in online, wholesale, and retail trade, selling under the AbbaPatio, MIRADOR, and AVAAR brands through cross-border e-commerce platforms. Incorporated in 1996, it is headquartered in Linhai, China.

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Zhejiang Zhengte's 2026 Interim Report Shows Net Profit Down 22.49% Year-on-Year

Zhejiang Zhengte released its 2026 interim report. Total operating revenue was 1.309 billion yuan, and net profit attributable to the parent company was 54.6486 million yuan, down 22.49% from the same period last year. Net cash inflow from operating activities was 374 million yuan. The asset-liability ratio was 38.44%, and the gross margin was 23.38%, a decrease of 3.70 percentage points from the same period last year. Diluted earnings per share were 0.35 yuan, down 22.22% year-on-year. The company had 4,351 shareholders, and the top ten shareholders held 77.68% of the total share capital.
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001238.CS2

Zhejiang Zhengte to invest 6.9 million yuan in joint venture to expand pet supplies business

Zhejiang Zhengte announced plans to jointly establish Shenzhen Hemu Pet Technology with Shenzhen Muhe Enterprise Management Partnership, with a registered capital of 10 million yuan. Zhejiang Zhengte will contribute 6.9 million yuan for a 69 percent stake, while Muhe Partnership will contribute 3.1 million yuan for a 31 percent stake. Muhe Partnership is an employee stock ownership platform formed by company staff, with its executive partner being Chen Yonghui, chairman and general manager of Zhejiang Zhengte. The joint venture will primarily expand the pet supplies business to broaden the product line and enhance overall competitiveness.