Hangzhou Heatwell Electric Heating Technology Co., Ltd.

Heatwell Electric Heating Technology announced on August 25 that on August 24 it hosted online research for all investors participating in the company's 2026 semi-annual results briefing. In the first half of 2026, the company's revenue grew 12.13 percent, while net profit grew 1.76 percent. Regarding the reason for revenue growth without corresponding profit growth, the company said that due to factors including RMB appreciation and rising raw material prices, profit growth during the reporting period was lower than revenue growth. To cope with cost pressure from exchange rate and raw material price fluctuations, the company is adjusting its pricing models for different categories of customers and products.

Heatwell Electric Appliance disclosed its 2026 interim report. In the first half, it achieved operating revenue of 1.105 billion yuan, up 12.13% year on year. Net profit attributable to shareholders of the listed company was 163 million yuan, up 1.76% year on year. Basic earnings per share were 0.41 yuan. The company said that due to factors such as RMB appreciation and rising raw material prices, profit growth was lower than revenue growth.