Shanghai Metersbonwe Fashion&Accessories Co Ltd

Metersbonwe Fashion released its 2026 interim report. Total operating revenue was 207 million yuan, down 8.78 percent year on year. Net profit attributable to the parent swung to a loss of 42.28 million yuan, a decrease of 52.21 million yuan from the same period last year, a decline of 525.81 percent. Net cash inflow from operating activities was 56.34 million yuan. The company's asset-liability ratio rose to 90.66 percent, gross margin fell to 43.61 percent, return on equity was negative 24.27 percent, and diluted earnings per share was negative 0.02 yuan. The number of shareholders was 100,500, and the top ten shareholders held 44.80 percent of total share capital.

Metersbonwe disclosed its earnings forecast, expecting a net loss attributable to shareholders of 35 million to 49 million yuan in the first half of 2026, compared with a profit of 9.9303 million yuan in the same period last year. The net loss after deducting non-recurring items is also expected to be 35 million to 49 million yuan, compared with a profit of 666,400 yuan a year earlier. Basic earnings per share are projected at negative 0.01 to negative 0.02 yuan. The company explained that the change in performance was mainly due to the main business focusing on adjusting product layout, advancing new product research and development, and clearing existing inventory, which led to an increase in inventory write-down provisions. At the same time, the area of properties leased to external parties declined year-on-year, resulting in lower rental income.