Xiamen R&T Plumbing Technology Co Ltd

Ruiert released its 2026 interim report, with net profit attributable to the parent company at negative 10.576 million yuan, swinging from profit to loss. Total operating revenue was 759 million yuan, down 17.47% year on year. Net cash flow from operating activities was negative 6.9624 million yuan, down 107.40% year on year. The company's latest asset-liability ratio was 16.68%, gross margin was 24.09%, ROE was negative 0.52%, and diluted earnings per share was negative 0.03 yuan.

Ruiert disclosed its earnings forecast, expecting a net loss attributable to shareholders of 11 million to 16 million yuan in the first half of 2026, compared with a profit of 51.6662 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 14.5 million to 19.5 million yuan, compared with a profit of 40.2412 million yuan a year earlier. Basic loss per share is estimated at 0.03 to 0.04 yuan. The company is mainly engaged in the research, development, production, and sales of products related to bathroom space and household water system solutions. The change in performance is primarily due to overall weak demand in the household bathroom industry and intense competition, which has led to a decline in product unit prices and a downward trend in operating revenue. At the same time, pressure on the pricing system and rigid cost expenditures have squeezed profit margins, resulting in a significant weakening of profitability.