Joy Kie Corporation Limited.

Jiuqi Holdings released its 2026 interim report, showing first-half net profit attributable to the parent of 23.67 million yuan, down 72.8% year on year. Operating revenue was 1.481 billion yuan, down 1.2% year on year; net profit attributable to the parent after deducting non-recurring items was 20.42 million yuan, down 75.5% year on year; net operating cash flow was 80.39 million yuan, up 138.7% year on year; earnings per share were 0.10 yuan. In the second quarter, operating revenue was 733 million yuan, down 9.4% year on year, and net profit attributable to the parent was 6.6 million yuan, down 85.7% year on year. As of the end of the second quarter, total assets were 2.162 billion yuan, down 6.1% from the end of the previous year, and net assets attributable to the parent were 1.107 billion yuan, down 9.0% from the end of the previous year. The company focuses on the research, development, production and sales of complete bicycles, covering traditional bicycles, electric-assist bicycles, mountain bikes and other categories, and emphasizes electric-assist bicycles as a key strategic growth category, with market demand gradually recovering, especially in the European market.