Zhejiang Yayi Metal Technology Co.Ltd

Yayi Technology disclosed its 2026 semi-annual report, achieving operating revenue of 127 million yuan, a year-on-year decrease of 12.89%, but net profit attributable to the parent company was 4.31 million yuan, a year-on-year increase of 5.87%. Non-recurring net profit was 2.44 million yuan, a year-on-year decrease of 12.42%, and overall gross margin fell 1.82 percentage points year-on-year to 38.61%. Selling expenses shrank sharply by 37.85% to 23.87 million yuan, becoming a key factor supporting net profit growth, while financial expenses surged 239.47% year-on-year to 2.32 million yuan, partially offsetting the gains from the sales side. Net cash flow from operating activities turned positive, reaching 14.92 million yuan, an increase of 191.83% compared with the same period last year, mainly because the decline in sales scale led to reduced cash payments for procurement. The company is highly dependent on exports, with overseas revenue reaching 125 million yuan, accounting for as much as 98.32% of total revenue. Export destinations are highly concentrated in the United States, and the largest customer accounts for more than 70%. Among the fundraising projects, the new production line project with an annual output of 860,000 sets of fire pit series, gas stove series and other outdoor metal furniture has been completed, the research and development center construction project has been terminated, and the remaining and surplus raised funds have been permanently supplemented as working capital. The company newly established a wholly-owned subsidiary, ARIVANA HK Limited, and total share capital increased from 91 million shares to 118.3 million shares. The shareholding ratio of actual controllers Ye Yueting, Jin Feichun and their son Ye Jinpan increased in the same proportion due to the capital reserve conversion, and control has not changed. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital for the 2026 half-year period.