Marssenger Kitchenware Co. Ltd.

Marsman released its 2026 interim report, with total operating revenue of 271 million yuan, down 27.58% year on year, and net profit attributable to the parent company of minus 130 million yuan, a widening loss compared with the same period last year. Net cash flow from operating activities was minus 130 million yuan, the asset-liability ratio rose to 51.66%, gross margin fell to 31.81%, return on equity was minus 13.29%, and diluted earnings per share was minus 0.32 yuan. The company had 20,600 shareholders, and the top ten shareholders held 65.02% of the total share capital.

Marshal released its 2026 interim report. First-half operating revenue was 271 million yuan, down 27.6% year on year, while net loss attributable to the parent widened to 130 million yuan from 124 million yuan a year earlier. Second-quarter operating revenue was 117 million yuan, down 44.8% year on year, and net loss attributable to the parent widened to 76.94 million yuan from 69.37 million yuan a year earlier. As of the end of the second quarter, total assets stood at 2.026 billion yuan, down 2.9% from the end of the previous year, and net assets attributable to the parent were 980 million yuan, down 11.4%. The company said the kitchen appliance industry remains in a deep adjustment period due to the property market correction, slow recovery in consumer confidence, and weakening effect of trade-in policies. It will increase research and development investment, optimise its product mix, expand diversified channels, and strengthen refined management to cope with the pressure.