Huali Industrial Group Company Limited

Huali Group released its 2026 semi-annual report. Net profit attributable to the parent company in the first half was about 953 million yuan, down 42.98% year on year. The company achieved operating revenue of about 10.925 billion yuan, down 13.71% year on year. Non-GAAP net profit was about 837 million yuan, down 50.3% year on year. The decline in performance was mainly affected by weakening consumer demand, trade disputes and geopolitical turmoil. Brand customers placed orders cautiously, new factory capacity release fell short of expectations, and tariff concessions put short-term pressure on gross margin. Second-quarter operations improved quarter on quarter, with revenue and net profit attributable to the parent company both up about 50% from the first quarter. The company plans to distribute a cash dividend of 10 yuan per 10 shares, including tax, to all shareholders, totaling about 1.167 billion yuan.