Ningbo Fujia Industrial Co Ltd

Fujia Co. released its 2026 interim report on August 27. During the reporting period, the company achieved operating revenue of 1.394 billion yuan, down 5.80 percent year on year. Net profit attributable to the parent company was 30.3872 million yuan, down 59.71 percent year on year. Net profit after deducting non-recurring items was 2.9527 million yuan, a sharp decline of 95.68 percent year on year. The company's core business profitability is under pressure, and profit is highly dependent on non-recurring gains and losses. Among these, the disposal of long-term equity investments generated investment income of approximately 26.24 million yuan, mainly including the transfer of equity in Hangzhou Huafu Advanced New Energy Co. Cleaning appliances remain the core foundation of the business. During the reporting period, this segment achieved operating revenue of 1.139 billion yuan, up 6.60 percent year on year, but it faces multiple pressures including rising raw material costs, exchange rate fluctuations, and intensifying price competition in the industry. Foreign exchange losses in financial expenses amounted to approximately 32.09 million yuan. The company is actively expanding into new kitchen appliance categories. Products such as coffee machines and smart trash cans have already achieved mass production and shipment, and the energy storage business is also being steadily advanced, but these have not yet formed a meaningful profit contribution.

Fujia Shares issued a performance forecast, expecting to achieve a net profit attributable to the parent of 30 million yuan in the first half of 2026, a decrease of 45.42 million yuan compared with the same period last year, representing a decline of 60.22%. After deducting non-recurring gains and losses, the net profit attributable to the parent is 2.6 million yuan, a year-on-year decrease of 65.76 million yuan, a drop of 96.20%. The company stated that the pre-reduction in performance was mainly due to international geopolitical conflicts pushing up the prices of raw materials such as plastic pellets, copper, and aluminum, leading to a significant increase in procurement costs. At the same time, the expansion of the main business scale of cleaning appliances amplified the cost impact, and the high proportion of overseas business led to increased exchange losses. In the first quarter of 2026, the company achieved revenue of 652 million yuan and a net profit attributable to the parent of 1.05 million yuan.