Vatti Corp Ltd

Vatti Corporation released its 2026 interim report. Total operating revenue was 2.461 billion yuan, down 12.11% from the same period last year. Net profit attributable to the parent company was 173 million yuan, down 36.35% year on year. Net cash flow from operating activities was negative 303 million yuan, down 273.28% from the same period last year. The company's latest asset-liability ratio was 40.22%, gross margin was 43.46%, return on equity was 4.51%, and diluted earnings per share was 0.21 yuan. The number of shareholders was 35,500, and the top ten shareholders held 38.28% of the total share capital.

Vatti Corporation released its 2026 interim report on the evening of August 26. First-half operating revenue was 2.461 billion yuan, down 12.11 percent year on year. Net profit attributable to the parent company was 173 million yuan, down 36.35 percent. Non-GAAP net profit was 156 million yuan, down 41.47 percent. The company said both revenue and profit fell due to the external market environment and intensifying industry competition. The kitchen appliance market as a whole is under pressure, and traditional categories have cooled, but dishwasher retail sales reached 6.22 billion yuan, up 0.6 percent year on year, making it the only category with growth in both volume and value. Although the company announced young actor Zhang Linghe as its brand ambassador in 2026 and launched intangible cultural heritage co-branded products, performance has not improved. Net operating cash flow was negative 303 million yuan, down 273.3 percent year on year. The company attributed this to changes in marketing activity methods and a decline in revenue scale.