Runner Xiamen Corp

Runner Home has released its half-year report. In the first half of 2026, total operating revenue reached 2.828 billion yuan, up 18.49 percent year on year, but net profit attributable to the parent company was 206 million yuan, down 13.57 percent year on year, showing higher revenue but lower profit. The company said the double-digit revenue growth was mainly driven by its global footprint, which helped bring new customer projects into production, and by volume growth in channels such as direct supply to North American retail stores and cross-border e-commerce. Profit was pressured by exchange rate fluctuations, rising raw material costs, and expenses during the production ramp-up period at new bases including Thailand. Overseas revenue reached 2.241 billion yuan, accounting for 79.3 percent of operating revenue and mainly settled in US dollars. Because of increased exchange losses, first-half financial expenses swung from a negative 9.06 million yuan in the same period last year to 54.22 million yuan. The company's gross margin has been edging down since the first quarter of last year, falling from 27.08 percent to 24.82 percent in the first half of this year. The latest closing price was 10.29 yuan per share, down 20.23 percent so far this year.