Sportsoul Co. Ltd. A

Sanboshi (001300.SZ) released its 2026 interim report. The company's total operating revenue was 256 million yuan, and net profit attributable to the parent company was negative 20.5795 million yuan, a decrease of 28.8469 million yuan compared with the same period last year, down 348.92 percent year on year, swinging from profit to loss. Net cash flow from operating activities was negative 7.3648 million yuan, a decrease of 2.6722 million yuan year on year. The company's asset-liability ratio was 22.29 percent, up 4.31 percentage points from the same period last year. Gross margin was 14.88 percent, down 6.87 percentage points from the same period last year. Return on equity was negative 2.17 percent, down 2.96 percentage points from the same period last year. Diluted earnings per share was negative 0.08 yuan, down 349.71 percent year on year. The company had 9,980 shareholders, and the top ten shareholders held 181 million shares, accounting for 74.35 percent of total share capital.

Sanboshi disclosed an earnings forecast, expecting a net loss attributable to the parent of 16 million to 24 million yuan in the first half of 2026, compared with a profit of 8.2674 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 19 million to 27 million yuan, compared with a profit of 4.0484 million yuan in the same period last year. The company said the decline in performance was mainly due to weak demand in overseas markets and high tariffs, which led to customer orders recovering less than expected, the lack of scale effect during the production ramp-up phase at its Vietnam production base, and increased exchange losses year-on-year caused by the appreciation of the renminbi.